Statement I: the Last Deflation in the United States Was

question 299

Multiple Choice

Statement I: The last deflation in the United States was from 1929 to 1933,when prices fell 50 percent.
Statement II: The years 1981 and 1982 were years of disinflation.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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