Year 10 Inflation
Quiz
•
Social Studies
•
9th - 11th Grade
•
Practice Problem
•
Hard
Katia Nigtingale
Used 11+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation can be defined as (pick the best answer)
persistent and appreciable rise in the general level of prices over time
increase in prices
persistent and depreciating decline in the general level of prices over time
persistent and appreciable rise in the some prices over time
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The target rate for Inflation in Australia is:
3.
MULTIPLE CHOICE QUESTION
30 sec • Ungraded
How have you enjoyed Week 2 of Economics?
Very very much
Very much
Somewhat
Not much at all
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Real prices are adjusted for_____________. Nominal prices are not.
economic growth
inflation
externalities
changing prices
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can cause inflation? (choose the best answer)
Prices just rise over time
Demand inflation - People's demand increasing
People demanding more, costs of production rising and governments printing money.
People demanding less, costs of production rising and governments not printing money.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What statement fits the cause of demand inflation:
Too much money chasing too few goods
Too little money chasing too few goods
Some money chasing some goods
Too much money chasing too many goods
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are inflation winners?
High income earners, borrowers and importers
High income earners, bank savers and importers
High income earners, borrowers and exporters
Low income earners, borrowers and importers
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