Since 1990, the annual inflation rate for the U.S. has ________ and has ________.
A. remained under 4 percent; never been negative
B. remained above 4 percent; never been negative
C. remained above 4 percent; been negative for just one year
D. remained under 4 percent; been negative for just one year
Answer: D
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Which of the following statements about markets and industries is TRUE?
A) A market includes buyers but not sellers. B) A market includes sellers but not buyers. C) An industry includes buyers but not sellers. D) An industry includes sellers but not buyers.
The supply chain refers to
A) the supply curve. B) the process of outsourcing. C) the process of downsizing. D) the process of creating and selling a product.
Assume that eggnog and cookies are complements. If the price of eggnog goes up, what happens to the demand for cookies?
a. demand for cookies increases b. demand for cookies decreases c. demand for cookies remains unchanged d. the shift in demand will depend on the original price of cookies
If a nation's government has a budget deficit, then balance on goods and services:
a. Must be positive. b. Must be negative. c. Must be increasing the nation's monetary base. d. None of the above.