Multiple Choice
Which of the following is not correct?
A) The U.S.economy has never experienced deflation.
B) Since 1965,the U.S.nominal interest rate has exceeded the U.S.real interest rate.
C) Since 1965,the U.S.economy has experienced rising consumer prices in most years.
D) During deflation,the real interest rate exceeds the nominal interest rate.
Correct Answer:
Verified
Correct Answer:
Verified
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