Inflation

Inflation

Multiple Choice

a continual increase in the price of goods or services

• income

• inflation

Multiple Choice

suddenly increase

• spike

• splurged

Multiple Choice

the number of people who want to buy a certain product or service

• inflation

• demand

Multiple Choice

spent more money than usual on something

• splurged

• spike

Multiple Choice

money earned

• inflation

• income

Multiple Choice

What do we call something that people sell?

• give-aways

• freebies

• Goods/ services/products

• coupons

Multiple Select

Think about this: What can cause prices to go up?

• People are getting paid more money.

• The product is harder to get.

• Wars

• Famines

Multiple Select

If you make delicious chocolate chip cookies, and suddenly, because of a drought, it is harder to you to get the cocoa that chocolate chips are made from. What happens? (Two correct answers)

• You may have to make cinnamon cookies instead.

• You may have to charge more for the chocolate chip cookies

• You give cookies away for free.

• You lower the prices of the cookies.

Multiple Choice

In this picture, inflation has affected these products. Which food has it affected the most?

• Apples

• Eggs

• Beef steaks

• Bacon

Multiple Choice

Inflation has (slowly) over time affected this coffee. What happened?

• The coffee got less expensive.

• There is more coffee now.

• There is less coffee now.

• The price of coffee has gone up.

Multiple Choice

What is going on in this picture?

• He is going to be rich!

• Prices are coming down!

• His raise cannot keep pace with inflation.