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Causes of inflation

Authored by Katherine Mann

Other

11th - 12th Grade

Used 52+ times

Causes of inflation
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15 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When inflation is high the _______________of the dollar decreases

cost value
purchasing power
importance
validity

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is inflation?

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

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

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

jobs, workers

consumers, producers

dollars, goods

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who is most likely to be hurt by inflation?

someone who borrowed money
a retiree on a fixed income
a business owner
the U.S. government

5.

MULTIPLE CHOICE QUESTION

2 mins • 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

2 mins • 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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the wage-price spiral, if a company gives a worker a raise in pay, what must they also do?

 Raise the price of their products
go out of business
lower the price of their products

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