Inflation

Inflation

12th Grade

26 Qs

quiz-placeholder

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Inflation

Inflation

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Wesley Sweat

Used 1+ times

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26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ refers to a decrease in price level.

Hyperinflation

Disinflaation

Deflation

Stagflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ is a decrease in the rate of inflation.

Hyperinflation

Disinflation

Deflation

Stagflation

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

2 mins • 1 pt

If CPI goes from 100 to 300 and your salary goes from $100,000 to $200,000, what happened to your purchasing power?

Increase
Decrease
No change

5.

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

6.

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

7.

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

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