Which of the Following Statements Regarding the Economy Is True

question 24

Multiple Choice

Which of the following statements regarding the economy is true?

• A) Rising prices are referred to as deflation.
• B) An extremely severe recession is called a depression.
• C) The United States has not experienced a recession since 1933.
• D) In effect, today's dollar is the same as a 1910 dollar.
• E) The inflation rate is an indicator of average interest rates.

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Definitions:

Negative Stereotypes

Overgeneralized and unfavorable beliefs about a group, which often lead to prejudice and discrimination.

Black Women

Women of African descent, often highlighting their unique cultural, social, and historical experiences.

Mammy

A stereotypical image of a black woman, depicted as devoted and submissive, serving her white employers.

Stereotype Threat

The risk of confirming negative stereotypes about one’s social group, which can impair performance and contribute to disparities.