Question

question 8
another term used to describe negative inflation is:
a counter inflation
b deflation
c hyperinflation
d gdp deflator
question 9
during the great depression of the 1930s, the unemployment rate reached more than —————— of the labor force.
a 25%
b 45%
c 65%
d 85%

Explanation:

Question 8

• Deflation is defined as a decrease in the general price level of goods and services, which is equivalent to negative inflation.
• Counter - inflation is a policy to combat inflation. Hyper - inflation is extremely high and accelerating inflation. The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy.

Question 9

• During the Great Depression of the 1930s, the unemployment rate in the United States reached approximately 25% of the labor force. This was one of the most severe economic downturns in modern history, with widespread job losses and economic hardship.

Answer:

Question 8: B. deflation
Question 9: A. 25%