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Which of the following is not correct?

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Which of the following is not correct?;The U. S. economy has never experienced deflation.;Since 1965, the U.S. nominal interest rate has exceeded the U.S. real interest rate.;Since 1965, the U.S. economy has experienced rising consumer prices every year.;During, deflation, the real interest rate exceeds the nominal interest rate.

 

Paper#28638 | Written in 18-Jul-2015

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