In the United States, periods of deflation
A) primarily occurred during times of war.
B) were virtually nonexistent until after 1980.
C) only occurred before the Civil War.
D) were relatively common prior to 1930.
D
Economics
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According to rational expectations theory, discretionary monetary and fiscal policy will be ineffective primarily because of the:
A. Successes of macroeconomic policy makers B. Inability of policy makers to time decisions properly C. Reaction of the public to the expected effects of policy changes D. Slow impact of policy to stimulate changes in real output and employment
Economics
The group comprising the highest percentage of the poor is
A. the disabled. B. elderly. C. male heads of households. D. children.
Economics