Inflation

Inflation

12th Grade

10 Qs

quiz-placeholder

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Inflation

Inflation

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Sean Davidson

Used 58+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main reason why the price of goods and services increase overtime is because of

deflation

government controls

inflation

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is measured by using what is called

Consumer Purchasing Program (CPP)

Consumer Price Index (CPI)

Fixed Income Index (FII)

Production Possibilities Curve (PPC)

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

A common type of inflation is (select all that apply)

demand-pull inflation

demand and supply inflation

cost-push inflation

fixed income inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When inflation is high, the loss of buying power especially hurts those

that have high paying jobs

that own homes

that are on fixed incomes

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The group of goods and services selected and used to measure inflation is referred to as

the Big Basket

the Market Basket

the Economic Basket

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When there is inflation it affects

savers

borrowers

people on a fixed income

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand-pull inflation often occurs because a government

is not printing enough money

is creating too few regulation

prints too much money

none of the above

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