The U.S. economy faced negative inflation:
a. after World War II
b. during the dotcom bubble.
c. during the Great Depression of the 1930s.
d. after the real estate bubble burst.
c
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Which of the following is an example of discretionary fiscal policy?
A) a decrease in income tax receipts with falling income during a recession B) tax cuts passed by Congress in 2008 to combat the recession C) a decrease in food stamps issued during an expansion D) an increase in unemployment insurance payments during a recession
Jay set up his hot dog stand near the business district. His total variable cost includes the
A) annual insurance for the hot dog stand. B) cost of buying the hot dog stand. C) cost of the hot dogs and condiments. D) interest he pays on the funds he borrowed to pay for advertising. E) revenue he gets when he sells his first hot dog each day.