Inflation
Quiz
•
Social Studies
•
10th - 11th Grade
•
Practice Problem
•
Medium
Ms Sage
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation is...
A measure of price change
An increase in the rate of price increase
An increase in general price levels
A decrease in general price level
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is inflation measured?
By comparing average prices of all goods and services produced
Consumer Price Index
Producer Price index
Government Price Index
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the UK target rate of inflation?
1%
2%
3%
4%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in general price level is called...
Hyperinflation
Low inflation
Deflation
Disinflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation caused by a rise in wage rates would be classified as..
Demand pull
Demand push
Cost push
Cost pull
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation caused by an increase in consumption would be classified as..
Demand pull
Demand push
Cost push
Cost pull
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a recession, inflation is likely to be..
High
Low
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