Inflation Deflation

Inflation Deflation

9th - 12th Grade

9 Qs

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Inflation Deflation

Inflation Deflation

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Austin S

Used 10+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rate of inflation is most commonly measured by use of

a price deflator

the GDP deflator

the consumer price index

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The consumer price index measures 

the cost of buying a fixed basket of goods and services, and calculating how this cost changes from year to year

the cost of buying a basket of goods and services, which changes from year to year depending on the price level

the cost of buying a basket of goods and services, which changes from year to year depending on consumer tastes and preferences

all of the above, depending on what the CPI is trying to measure

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Disinflation is

a fall in the price level

a decreasing rate of inflation

an increasing rate of inflation

no change to inflation or deflation

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What is Inflation?

Inflation is a decrease in the general level of prices

Inflation is an increase in the general level of prices

Inflation is a number that that compares prices in one year with prices with some earlier base year

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When inflation is high the _______________of the dollar decreases

cost value
purchasing power
importance
validity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who borrows a 30 year fixed rate mortgage is likely to benefit from inflation. True or False?

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a recession, inflation is likely to be..

High

Low

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an effect of deflation?

Decrease in unemployment

Reduction in Production

Increased spending on goods and services

Increase in production

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The opposite of inflation is

Deflation

Uninflation

Lower prices

CPI