Inflation and Government Fiscal and Monetary policies

Inflation and Government Fiscal and Monetary policies

11th Grade

10 Qs

quiz-placeholder

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Inflation and Government Fiscal and Monetary policies

Inflation and Government Fiscal and Monetary policies

Assessment

Quiz

Social Studies

11th Grade

Easy

Created by

Marisol Fumar

Used 28+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Inflation also means a ___________ in the purchasing power of the currency

of a particular economy

decrease

increase

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which occurs as a consequence of price increase of goods and services?

Built-in inflation

Cost-push inflation

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which tracks the changes in the prices of goods and services at

producer or wholesale level?

Producer price index

Wholesale price index

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The CPI is calculated by taking the __________________ of each of the categories and the averaging is done based on the importance of the particular commodity in the whole list.

retail market price

wholesale market price

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is a Gross Domestic Product calculation that takes into consideration

the effect of inflation on GDP?

Nominal GDP

Real GDP

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which involves steps like increasing government purchases, decreasing

taxes or a combination of both?

Contractionary Fiscal Policy

Expansionary Fiscal Policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which refers to program built within the government budget designed to stabilize business cycles in an economy without any government intervention?

Automatic stabilizer

Discretionary fiscal policy

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