Which of the Following Is Not Correct

question 7

Multiple Choice

Which of the following is not correct?

• A)The inflation rate is measured as the percentage change in a price index.
• B)For the last 40 or so years,U.S.inflation hasn't shown much variation from its average rate of about 2 percent.
• C)During the 19th century there were long periods of falling prices in the U.S.
• D)Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.

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Definitions:

Software Makers

Individuals or companies that develop, create, and sometimes distribute software applications or systems, contributing to the technology and information sectors.

Industrial Policy

Industrial policy encompasses strategies and policies employed by a government to stimulate or regulate different sectors of its economy, aiming at enhancing competitiveness and economic growth.

Prime Objective

The main goal or target an individual, group, or organization aims to achieve.

Domestic Industries

Sectors of a country's economy that produce goods or services primarily for consumption within the same nation.