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A/P Inflation

Authored by Robert Gray

Social Studies

12th Grade

Used 2+ times

A/P Inflation
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The _______ considers the weighted averages of a group of consumer goods and services.

Consumer price index

Aggregate supply

Producer price index

Aggregate demand

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

__________ refers to a decrease in price level.

Hyperinflation

Disinflaation

Deflation

Stagflation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

__________ occurs in the economy when unemployment and inflation are both high.

Hyperinflation

Disinflation

Deflation

Stagflation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT one of the components of Gross Domestic Product (GDP)?

Consumption

Producer Price Index

Government spending

Investment

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following causes of inflation is often described as “too much money chasing too few goods”?

Demand-pull inflation

Cost-push inflation

Demand-push inflation

Cost-pull inflation

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When inflation is high the _______________of the dollar decreases

cost value
purchasing power
importance
validity

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is inflation?

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

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