Secular deflation

A. cannot exist in a capitalistic economy.
B. has been a serious problem during the last three decades in the United States.
C. has not been present in the United States since 1960.
D. although present, has not been a problem during the last three decades in the United States.


Answer: C

Economics

You might also like to view...

In theory, any object ________ could play the role of fiat money

A) in unlimited supply B) for which demand is limited C) in limited supply D) that has an unlimited demand

Economics

What is the largest component of the federal budget?

A) discretionary spending B) entitlements and mandatory spending C) defense spending D) net interest

Economics

A) A recent news report stated that the unemployment rate in the country Lithasia had increased from 10.2% to 18.2% from 2003 to 2013 and that the government had adopted strict fiscal measures to expand employment

Would this report be considered microeconomic or macroeconomic analysis? b) Students in a class are discussing how a firm should determine its profit-maximizing output. Would this discussion be considered microeconomic or macroeconomic analysis?

Economics

An economist defines efficiency as:

a. the maximization of output from available resources. b. the maximization of revenue from available resources. c. the maximization of inputs using available resources. d. the creation of a surplus using available resources.

Economics