Which of the Following Is Not Correct

question 13

Multiple Choice

Which of the following is not correct?

• A)The U.S.economy has never experienced deflation.
• B)Since 1965,the U.S.nominal interest rate has exceeded the U.S.real interest rate.
• C)Since 1965,the U.S.economy has experienced rising consumer prices in most years.
• D)During deflation,the real interest rate exceeds the nominal interest rate.

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Definitions:

Exclude

To eliminate or leave out from consideration or a group.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce availability to others.

Market Failure

A scenario where the free market fails to allocate resources efficiently, resulting in negative impacts on social welfare.

Pareto Optimality

The scenario in which resources are allocated in a manner that prohibits enhancing one individual's situation without negatively impacting another's.