Inflation

Inflation

11th - 12th Grade

9 Qs

quiz-placeholder

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Inflation

Inflation

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Natalie Santana

Used 3+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

According to the Demand-Pull Theory, inflation is caused by...

Producers raising prices to make up for increased costs

People demanding too much of a good or service

Too much money being in circulation

The market basket being full

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

If inflation outpaces wages...

The real income of people will increase

There will be no change

The real income of people will decrease

People will have more purchasing power

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A general increase in prices is called...

inflation

stagflation

deflation

impersonation

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A healthy inflation rate is between...

10-20%

Less than 5%

Greater than 5%

1-3%

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Question 5

1.2

1.4

1.6

1.8

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

This is a collection of goods purchased by a city dweller to determine the level of inflation

Demand Pull

Cost Push

Market Basket

Good Basket

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

If there's too much money in circulation,it could lead to inflation

Cost Push

Demand Pull

Quantity

CPI

8.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Wages (and other costs) rise,resulting in higher prices etc.

Quantity

Cost Push

Demand Pull

CPI

9.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When Inflation rises, your purchasing power...

filler

filler