Asked by Darby Fischer on May 22, 2024
Verified
Since 1980,_____ has experienced deflation.
A) the U.S.
B) France
C) Germany
D) Japan
E) Italy
Deflation
An economic condition characterized by a general decline in prices, often resulting in decreased consumer spending and increased unemployment.
U.S.
A country in North America, formally known as the United States of America, characterized by a significant influence on global economics, culture, and politics.
France
A country in Western Europe known for its history, culture, and significant contributions to art, science, and philosophy.
- Understand the concepts of inflation, deflation, and their implications on the economy.
Verified Answer
RC
Learning Objectives
- Understand the concepts of inflation, deflation, and their implications on the economy.