Inflation Review Quiz
Quiz
•
11th - 12th Grade
•
Medium
JONATHAN FROST
Used 75+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
a rise in all prices
a drop in most prices
a rise in some prices
a general rise in prices
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The _______ is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Consumer Price Index
Aggregate supply
Producer Price Index
Aggregate demand
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following causes of inflation is often described as “too much money chasing too few goods”?
Demand-pull inflation
Cost-push inflation
Demand-push inflation
Cost-pull inflation
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Fill in the blank: When inflation is high the _______________of the dollar decreases.
cost value
purchasing power
importance
validity
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Demand-Pull inflation can be describes as too many _________ chasing too few __________
jobs, workers
consumers, producers
dollars, goods
banks, customers
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following groups suffer from high inflation?
Borrowers
Lenders
Taxpayers
Property Investors
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
According to the wage-price spiral, if a company gives a worker a raise in pay, what must they also do?
Raise the price of their products
go out of business
lower the price of their products
merge with a competitor
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