Question

20. Which of the following was marked by deflation?

A. Germany for about 10 years after World War 1
B. The U.S. during the Great Depression of the 1930's
C. the United States during the oil crisis of the 1970's
D. Japan during its economic boom of the late 1900's

Answer 1

The U.S. during the Great Depression of the 1930's experienced deflation.

Step-by-step explanation:

The correct answer is B. The U.S. during the Great Depression of the 1930's was marked by deflation. Deflation is a decrease in the general price level of goods and services, leading to an increase in the purchasing power of money. During the Great Depression, the U.S. experienced a severe economic downturn, leading to a decrease in prices.

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