Which of the Following Statements Best Completes the Following Sentence;

question 18

Multiple Choice

Which of the following statements best completes the following sentence; "Prior to World War I, when the U.S.was on the gold standard, inflation in the U.S1/4"?

• A)Averaged 3.5 percent per year but was highly variable
• B)Averaged less than one percent per year and was highly variable
• C)Averaged less than one percent per year and was stable
• D)Averaged 3.5 percent per year and was stable

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Definitions:

Net Investment

The amount spent by a company on new capital assets after accounting for depreciation.

Foreign Investments

Investments made by individuals, companies, or governments in assets or business ventures in another country.

Interest Rates

The cost of borrowing money expressed as a percentage of the principal, or the return on investment.

Economists Define

A phrase indicating the beginning of a definition or explanation of a specific economic term or concept as provided by economists.