Which one of the following statements about the United States is true?

A. The United States has experienced inflation every year since 1800.
B. Prior to World War II, the United States experienced deflation virtually every year; since World War II, the United States has consistently experienced inflation.
C. Prior to World War II, the United States experienced periods of both deflation and inflation.
D. Since World War II, the United States has experienced deflation.


Answer: C

Economics

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