Which of the following is correct?
A)A period of hyperinflation is a period of extraordinarily low inflation.
B)A period of deflation is any period during which the inflation rate is decreasing.
C)During the 1990s, U.S. inflation averaged about 2 percent per year.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Option A is incorrect because hyperinflation is a period of extremely high inflation. Option B is incorrect because deflation is when the overall price level of goods and services decreases. Option C is correct as the average inflation rate during the 1990s was around 2% per year. Therefore, D is also incorrect as it includes options A and B which are incorrect.

Which of the Following Is Correct