Inflation and Unemployment Practice Quiz

A general rise in prices is called

• tooexpensiveism

• unemployment

• inflation

• deflation

The war in Ukraine has caused the price of oil to increase and has caused which type of inflation?

• demand pull inflation

• cost push inflation

• hyperinflation

• Thanos size inflation

What is the most damaging type of unemployment to the economy?

• seasonal

• frictional

• cyclical

• when you get fired on your day off

Inflation in 2022 was at the highest rate since 1982. What type of inflation was responsible for the high level?

• demand pull

• cost push

• wage price spiral

• all of the above

The most common way to measure inflation is to track monthly price changes in a "market basket" of goods/services for consumers. This is known as the

• Consumer Price Index (CPI)

• Death Star Destruction Rate (DSDR)

• Producer Price Index(PPI)

• Implicit Price Deflation (IPD)

Due to an increase in average income and more people wanting to travel this summer, the market price of hotel rooms has skyrocketed. This is an example of

• demand-pull inflation

• hyperinflation

• cost-push inflation

• deflation

The COVID 19 pandemic led to a 14.7% __________ rate in April of 2020.

• joining the First Order

• inflation

• CPI

• unemployment

A potential negative consequence to a $15/an hour minimum wage could be inflation caused by the _______ ______ _______. Companies would have to charge higher prices to compensate for the wage increase.

• producer price index

• grays sports almanac

• wage price spiral

• excessive monetary growth

Does my 8 year old who does NOT have a job count towards the unemployment rate?

• Yes. Anyone without a job counts toward unemployment.

• No. She is not considered part of the civilian labor force.

• No. Only because she isn't currently looking for a job

• Yes. Anyone 2 years and older counts toward unemployment

The unfortunate demise of Blockbuster Video due to NetFlix, Redbox, other digital sources etc. is an example of ____________ unemployment.

• frictional

• structural/technological

• cyclical

• CaroleBaskinal