All of the Following Statements About Inflation in the United

question 142

Multiple Choice

All of the following statements about inflation in the United States are correct except

• A)Since the Great Depression,average prices have risen almost every year.
• B)The inflation rate was 13.5 percent in 1980.
• C)Prior to World War II,the United States experienced periods of both deflation and inflation.
• D)Inflation was at its worst during the Great Depression.

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Definitions:

Ethical Issues

Situations or problems requiring a choice between conflicting moral principles or actions.

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A community of people living together in an ordered community, sharing customs, laws, and organization.

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Limits or restrictions imposed by legal or regulatory authorities that dictate acceptable behavior or activity.

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The comprehensive set of rules and principles, institutions, and processes established by a government or society to enforce laws, provide justice, and regulate conduct within a country or community.