
Inflation
Social Studies
12th Grade
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When inflation is high the _______________of the dollar decreases
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is inflation?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most countries try to maintain an inflation rate of ______ per year.
One percent or less
Two to three percent
Four to five percent
Six to seven percent
4.
MULTIPLE CHOICE QUESTION
30 sec • 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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is inflation?
Increase general price level of goods and services
Increase price level from one private organisation
Decrease general price level of goods
Increase general price level of services
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Main feature of Inflation is:
Prices rise
Prices fall
Rise in prices is same for all goods and services
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Index number that represents general change in wholesale prices of commodities is ____________.
Consumer Price Index
Wholesale Price Index
Food Basket
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