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Inflation Quiz

Authored by Briana Ferguson-franklin

Social Studies

9th - 12th Grade

Used 4+ times

Inflation Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main reason why the price of goods and services increase overtime is because of...

Deflation

Government Controls

Inflation

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Bureau of Labor Statistics measures inflation by using what?

Consumer Purchasing Program (CPP)

Consumer Price Index (CPI)

Fixed Income Index (FII)

None of the above

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A common type of inflation is... (select all that apply)

Demand-Pull Inflation

Demand and Supply Inflation

Cost-Push Inflation

Fixed Income Inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The group of goods and services used to measure inflation is referred to as...

Big Basket

Market Basket

Economic Basket

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When there is high inflation, the loss of buying power especially hurts those...

that have high paying jobs

that own homes

that are on fixed incomes

all of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When there is inflation it affects...

those that save their money

the cost of borrowing and people with credit card balances

people on fixed incomes

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often does deflation occur in the United States?

Often

Rarely

Every 10 years

Never

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