Chapter 3: Purchasing Power

Chapter 3: Purchasing Power

11th Grade - University

40 Qs

quiz-placeholder

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Chapter 3: Purchasing Power

Chapter 3: Purchasing Power

Assessment

Quiz

Life Skills

11th Grade - University

Practice Problem

Medium

Created by

Jamie Robinson

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40 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rapidly rising prices that are out of control.

disinflation

deflation

hyperinflation

inflation

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

High prices followed by drops and then high prices again.

reflation

inflation

deflation

hyperinflation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rising prices due to scarce resources or increased difficulty in obtaining resources.

demand-pull inflation

cost-push inflation

reflation

real-cost inflation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A decrease in the general level of prices for goods and services.

inflation

deflation

reflation

hyperinflation

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rising prices as a result of consumers wanting to buy more goods and services than producers supply.

demand-pull inflation

cost-push inflation

real-cost inflation

time value of money

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Rising prices with the rate of increase slowing down.

deflation

reflation

disinflation

inflation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An increase in the general level of prices for goods and services.

reflation

inflation

hyperinflation

deflation

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