Which One of the Following Statements About the United States

question 54

Multiple Choice

Which one of the following statements about the United States is true?

• A)Prior to World War II,the United States experienced periods of both deflation and inflation.
• B)The United States has experienced inflation virtually every year since 1800.
• C)Since World War II,the United States has experienced deflation.
• D)Prior to World War II,the United States experienced deflation virtually every year; since World War II,the United States has consistently experienced inflation.

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Definitions:

Fixed Cost

A business expense that does not vary with the level of goods or services produced over the short term.

Interest Rate

The rate, expressed as a percentage of the principal amount, that a borrower must pay to a lender to use their assets.

Disbursement Float

The time lag between when a check is issued by a payer and when the funds are deducted from the payer's bank account.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated recipient.