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Inflation

Inflation

Assessment

Presentation

Social Studies

University

Practice Problem

Medium

Created by

Rachel Shafer

Used 2+ times

FREE Resource

49 Slides • 7 Questions

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Open Ended

What do you think is the most serious downside of inflation?

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Multiple Choice

Which of the following spending categories makes up the largest portion of the CPI market basket?

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travel (including gas)

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housing

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entertainment

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food

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Multiple Choice

If inflation is a general rise in the price level, why have consumer electronic prices changed over time?

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The demand for electronics has decreased

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Electronics are not counted in the CPI

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Electronics are getting smaller in size, so the price is falling as well

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Technological improvements have greatly reduced production costs for these goods

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Multiple Choice

In 2022, Juan takes out a 30-year bank mortgage loan at a fixed interest rate. He buys a house with the loan. From 2024 to 2028, inflation is high. Who is helped and who is hurt by this inflation, ceteris paribus?

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Juan is helped, and the bank is hurt

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The bank is helped, and Juan is hurt

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They are both hurt

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They are both helped

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Multiple Choice

A kid who has been saving up for months to buy a telescope...

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Will be hurt by inflation

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Will be helped by inflation

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Will not be affected by inflation

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There is not enough information to say

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Multiple Choice

A young couple that just took out a hefty mortgage at a fixed interest rate...

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Will be hurt by inflation

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Will be helped by inflation

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Will not be affected by inflation

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There is not enough information to say

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Open Ended

What do you think is the most serious downside of inflation?

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