It is rare when prices fall in modern times.However,it is likely that they would fall during severe recessions.What year is the most likely for this to have occurred?
A) 2005
B) 2009
C) 2011
D) 2012
E) 2003

Question

Quizplus · Accepted Answer

The most severe recession in modern times occurred in 2008-2009, commonly known as the Great Recession. During this time, prices of goods and services did fall due to decreased demand and decreased spending power of consumers. Therefore, the most likely year for prices to have fallen would be 2009.

It Is Rare When Prices Fall in Modern Times