Melanie decided to save 20% of her annual earnings for 10 years so she would have a down payment for a house. After 5 years, what change in the economy would cause an increase in the purchasing power of the funds she has managed to save?
A. recession
B. depression
C. deflation
D. stagflation
Answer:C
Melanie decided to save 20% of her annual earnings for 10 years so she would have a down payment for a house. After 5 years, what change in the economy would cause an increase in the purchasing power of the funds she has managed to save?
A. recession B. depression C. deflation D. stagflation
Explanation: Type: Multiple Choice