Deflation on a Wide Scale Resulting in a Decline in Prices

question 17

Multiple Choice

Deflation on a wide scale resulting in a decline in prices across a broad spectrum of goods and services:

• A) Has been a characteristic of the 1990s economy.
• B) Occurs about once each decade.
• C) Almost always results from inflation.
• D) Has not occurred in the U.S. since the 1930s.
• E) Always follows periods of inflation.