Inflation and the Consumer Price Index

Inflation and the Consumer Price Index

10th Grade

7 Qs

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Inflation and the Consumer Price Index

Inflation and the Consumer Price Index

Assessment

Quiz

Social Studies

10th Grade

Medium

Created by

Brian DeRath

Used 22+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is caused by

Too much money in the marketplace

A Wage-Price spiral

An excessive demand for products with not enough supply

All of the above

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

As prices go up due to inflation, the consumers purchasing power

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Consumer Price index

A measure of prices of housing and rental costs all over the country

An index determined by measuring the price of standard goods for only urban consumers

An index of prices of items used by manufacturers and retailers

An index of the cost of living for all U.S. consumers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a goal of the Federal Reserve?

growing the economy

keeping banks safe

printing money

making payments secure

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What tool does the Federal Reserve use to influence economic growth

Monetary Policy

fiscal policy

demand and supply

tax structure

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the Federal Reserve chooses to lower interest rates, they can assume that

More people with bad credit scores can get a loan

more borrowing will take place

the Federal government's debt will fall

Prices in the 'Market Basket for the CPI will lower

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A "Market Basket" is used by the Bureau of Labor and Statistics to calculate the

unemployment rate

Consumer Price Index

tax base

business cycle