IB Economics - Inflation

IB Economics - Inflation

11th - 12th Grade

18 Qs

quiz-placeholder

Similar activities

5.07 Economics Module Review Game

5.07 Economics Module Review Game

9th - 12th Grade

20 Qs

AppliedEcon Chapter 2 Quiz

AppliedEcon Chapter 2 Quiz

12th Grade

20 Qs

Microeconomics 1

Microeconomics 1

9th - 12th Grade

14 Qs

The French Revolution Part 1

The French Revolution Part 1

9th Grade - Professional Development

17 Qs

Unit 2: Sand & Silk Roads Review

Unit 2: Sand & Silk Roads Review

9th - 12th Grade

15 Qs

Supply Vocabulary

Supply Vocabulary

12th Grade

18 Qs

Macro policies

Macro policies

10th - 11th Grade

15 Qs

Federalism Part 3

Federalism Part 3

10th Grade - Professional Development

19 Qs

IB Economics - Inflation

IB Economics - Inflation

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Medium

Created by

Raquel Ramos

Used 256+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When inflation is high the _______________of the dollar decreases

cost value
purchasing power
importance
validity

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

If CPI goes from 100 to 300 and your salary goes from $100,000 to $200,000, what happened to your purchasing power?

Increase
Decrease
No change

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is inflation?

rise in all prices
rise in most prices
rise in some prices
rise in general prices

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Demand-Pull inflation can be describes as too many _________ chasing too few __________

jobs, workers
consumers, producers
dollars, goods

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What 2 types of inflation are there?

demand pull and cost push
demand pull and supply glut
supply glut and demand side
supply inflation and demand inflation

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What the definition of deflation? 

decrease in the average price of goods and services
occurs when the price of goods and services rise
increase in prices
I don't know

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What causes demand pull inflation?

rise in price due to a decrease in supply
a rise in price level due to an increase in consumption
a rise in price due to an increase in the cost of production
a decrease in price due to a decrease in supply

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?