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Inflation

Inflation

Assessment

Presentation

Business

11th Grade

Medium

Created by

Shauna-Kay Herah

Used 11+ times

FREE Resource

19 Slides • 9 Questions

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Inflation

by Shauna-Kay Herah-Thompson

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Multiple Choice

What is inflation?
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rise in all prices
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rise in most prices
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rise in some prices
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rise in general prices

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Multiple Choice

An index that measures the prices of a market basket of goods that typical consumers purchase.
1
Consumer Price Index
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Federal Reserve
3
Bank
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Deflation

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Multiple Choice

What causes demand pull inflation?
1
rise in price due to a decrease in supply
2
a rise in price level due to an increase in consumption
3
a rise in price due to an increase in the cost of production
4
a decrease in price due to a decrease in supply

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Multiple Choice

What 2 types of inflation are there?
1
demand pull and cost push
2
demand pull and supply glut
3
supply glut and demand side
4
supply inflation and demand inflation

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Multiple Choice

What is Cost-push inflation?

1

The decrease prices of the factors of the production leads to decreased supply of these goods.

2

The increase prices of the factors of the production leads to a decreased supply of these goods.

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Multiple Choice

When inflation is high the _______________of the dollar decreases
1
cost value
2
purchasing power
3
importance
4
validity

18

Multiple Choice

Who is most likely to be hurt by inflation?
1
someone who borrowed money
2
a retiree on a fixed income
3
a business owner
4
the U.S. government

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Multiple Choice

To correct inflation the government need to boost demand

1

TRUE

2

FALSE

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Multiple Choice

What type of monetary policy is used to correct inflation?

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Expansionary

2

Contractionary

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Inflation

by Shauna-Kay Herah-Thompson

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