Inflation

Inflation

8th - 12th Grade

10 Qs

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Unit 5 Learning Target 3 Practice Quiz

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Assessment

Quiz

Social Studies

8th - 12th Grade

Medium

Created by

Brian Coleman

Used 5+ times

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10 questions

Show all answers

1.

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A normal inflation rate is usually around ______ per year.

One percent or less

Two to three percent

Four to five percent

Six to seven percent

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When inflation is high the _______________of the dollar decreases

cost value
purchasing power
importance
validity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unanticipated, higher than normal inflation reduces our ability to spend, save and invest.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An index that measures the prices of a market basket of goods that typical consumers purchase.

Consumer Price Index
Federal Reserve
Bank
Deflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When labor becomes more expensive, this can lead to a rise in prices. This is considered a type of

demand pull inflation

cost push inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Term describing when companies reduce the size or quantity of their products while charging the same price or even more

deflation

being a real jerk

shrinkflation

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