Which of the following is not correct?
A)The U.S.economy has never experienced deflation.
B)Since 1965,the U.S.nominal interest rate has exceeded the U.S.real interest rate.
C)Since 1965,the U.S.economy has experienced rising consumer prices in most years.
D)During deflation,the real interest rate exceeds the nominal interest rate.

Question

Quizplus · Accepted Answer

The U.S. economy has experienced deflation, most notably during the Great Depression of the 1930s.

Which of the Following Is Not Correct