Since the late 1970s, the United States
A) has experienced only moderate inflation, usually between 2 to 3 percent.
B) has seen a steadily increasing rate of inflation.
C) has experienced low inflation, except for a seven-year period between 1979 and 1986.
D) has experienced high inflation followed by a long period of deflation.
Answer: C) has experienced low inflation, except for a seven-year period between 1979 and 1986.
You might also like to view...
Other things remaining the same, which of the following is likely to happen if there is a decrease in the price of cars?
A) There will be a decrease in both the wage rate and the employment levels in the petroleum extraction industry. B) There will be an increase in the wage rate and a decrease in the employment levels in the petroleum extraction industry. C) There will be a decrease in the wage rate and an increase in the employment levels in the petroleum extraction industry. D) There will be an increase in both the wage rate and the employment levels in the petroleum extraction industry.
A compensation scheme that pays salespeople a percentage of the sales they make is attempting to reward
a. work effort. b. loyalty to the firm. c. years of schooling. d. years of experience.