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Inflation

Inflation

Assessment

Interactive Video

Social Studies

12th Grade

Hard

Created by

Kimberly A Van Horn

FREE Resource

18 questions

Show all answers

1.

SLIDE QUESTION

30 sec • Ungraded

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

Inflation refers to the total amount of money in circulation without any price changes.
Inflation is the increase in prices and fall in the purchasing value of money.
Inflation is a measure of economic growth and productivity.
Inflation is the decrease in prices and increase in the purchasing value of money.

3.

SLIDE QUESTION

30 sec • Ungraded

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are price indexes?

Price indexes are measures that reflect the relative change in prices of a selected set of goods and services over time.
Price indexes are only used for real estate valuations.
Price indexes measure the quality of goods and services.
Price indexes are a type of tax applied to goods and services.

5.

SLIDE QUESTION

30 sec • Ungraded

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The consumer price index measures 

the cost of buying a fixed basket of goods and services, and calculating how this cost changes from year to year

the cost of buying a basket of goods and services, which changes from year to year depending on the price level

the cost of buying a basket of goods and services, which changes from year to year depending on consumer tastes and preferences

all of the above, depending on what the CPI is trying to measure

7.

SLIDE QUESTION

30 sec • Ungraded

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