Inflation

Inflation

9th - 12th Grade

20 Qs

quiz-placeholder

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Inflation

Inflation

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Michael Powell

Used 5+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main reason why the price of goods and services increase overtime is because of

government controls.

inflation

deflation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Bureau of Labor Statistics measures inflation by using what is called the

Fixed Income Index (FII).

Consumer Price Index (CPI).

Consumer Purchasing Program (CPP).

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Two types of inflation are (select all which apply)

demand-pull inflation.

demand and supply inflation

cost-push inflation

fixed income inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When there is high inflation, the loss of buying power, especially hurts those

with high paying jobs.

who owns their homes.

who are on fixed incomes.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The group of goods and services selected and used to measure inflation is referred to as a/an

Big Basket.

Market Basket.

Economic Basket.

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

When there is inflation it affects (Select all that apply)

people on a fixed income.

the cost of borrowing and people with a credit card balance.

savers.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the U.S., deflation occurs

every ten years.

often

rarely

never

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