Multiple Choice
A graph of the rate of inflation in the United States over the twentieth century shows:
A) an overall upward trend interrupted by a large downturn in the 1930s.
B) some periods of deflation in the first half of the century, but only positive rates of inflation in the second half of the century.
C) a relatively steady, positive level throughout the century except for deflation in the 1930s.
D) a constant rate of inflation in the first half of the century followed by an upward trend in the second half.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: Macroeconomics is the study of the:<br>A) activities
Q57: Macroeconomics is based on microeconomics for all
Q58: The assumption of flexible prices is a
Q59: Which of the following is the best
Q60: The total income of everyone in the
Q61: Which statement below best illustrates the "art,"
Q63: What is the difference between sticky prices
Q64: Variables that a model takes as given
Q65: In an economic model:<br>A) exogenous variables and
Q66: The inflation rate is a measure of