Which of the Following Statements Is Incorrect

question 7

Multiple Choice

Which of the following statements is incorrect?

• A) If you can buy the same goods this year as you bought last year with less money there must have been deflation.
• B) If you can buy the same goods this year as you purchased one year ago with the same amount of money, prices are stable.
• C) If purchasing the same goods today that were purchased one year ago requires more money, there must have been inflation.
• D) If you can buy the same goods this year as you bought last year with the same money there must have been deflation.