Inflation

Inflation

11th Grade

17 Qs

quiz-placeholder

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Inflation

Inflation

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

CCSS
7.RP.A.3

Standards-aligned

Used 86+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

In a country that has a low rate of inflation is that a good economy or a bad economy?

Good economy

Bad economy

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is one of the MAIN types of inflation?

Core inflation

Galloping inflation

Wage inflation

Asset inflation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

An increase in the general price level of all goods and services in the economy- everything we buy and consume is the definition of?

purchase price inflation

Buyer price inflation

Customer price inflation

Consumer price inflation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The _______ is the average price of all goods and services sold in the economy calculated over a given period of time.

General Price Level

Consumer Price level

Price level

Average price level

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is CPI?

Consumer price index

Costumer pay index

Consumer price Income

Costumer pay income

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In an economy of fiat money, which is an economy where the currency;

is controlled by the Federal Reserve

is worth less

is worth more

is controlled by a central bank

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Who dictates the money supply?

The Federal Bank

The Federal Reserve

The Federal Government

The Legislative Branch

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