Asked by Camila Acuña on Jun 29, 2024
Verified
Which statement is true?
A) We are currently experiencing hyperinflation.
B) Our economy was in a recession for most of the 1980s.
C) The 1980s was the most prosperous decade in our history.
D) None of the statements are true.
Hyperinflation
An extremely high and typically accelerating rate of inflation, often exceeding 50% per month, leading to a rapid erosion of the real value of the local currency.
Recession
A significant decline in economic activity across the economy, lasting for months or years, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Prosperous
Characterized by financial success and good fortune; denoting a state of economic well-being and growth.
- Recognize historical economic trends and conditions during specific decades.
Verified Answer
SB
SubAqurius BarttJun 30, 2024
Final Answer :
D
Explanation :
None of the statements are true. The question does not provide any context or specific country, so we cannot assume any of the statements to be true or false.
Learning Objectives
- Recognize historical economic trends and conditions during specific decades.