Asked by Reyna Nava Sanchez on Apr 25, 2024
Verified
Which of the following periods was not characterized by inflation in the U.S.economic history?
A) 1917-1920
B) 1929-1933
C) 1947
D) 1978-1980
E) 1980-1989
Economic History
The study of how economic phenomena evolved in the past.
Inflation
An increase in the general price level of goods and services in an economy over a period of time.
- Develop comprehension of past inflation dynamics and their origins.
Verified Answer
JP
Jayme Perks7 days ago
Final Answer :
B
Explanation :
1929-1933 marks the period of the Great Depression, which was characterized by deflation rather than inflation, as prices and economic activity plummeted.
Learning Objectives
- Develop comprehension of past inflation dynamics and their origins.