Inflation and its Causes

Inflation and its Causes

9th Grade

10 Qs

quiz-placeholder

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Inflation and its Causes

Inflation and its Causes

Assessment

Quiz

Other

9th Grade

Practice Problem

Hard

Created by

Pagano Christopher

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Consumer Price Index (CPI) used for?

To measure the average price change of goods and services over time

To calculate the total amount of money in circulation

To determine the unemployment rate

To track the stock market performance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the video, what is one explanation for inflation that gets a lot of attention?

Too much money chasing too few goods

Supply chain disruptions

Massive markups by corporations

Government policies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who has been sounding the alarm bell about inflation?

Larry Summers

Franklin Roosevelt

President Biden

Federal Reserve

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the reasons for the recent bump in wages?

Corporations keeping wages low in previous years

Government intervention

Decrease in labor supply

Automation and technology advancements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some materials used in making diapers?

Wood pulp and plastic

Cotton and metal

Synthetic fibers and glass

Rubber and paper

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did big corporations do with their record profits?

Paid out to shareholders and raised prices

Invested in new projects and hired more people

Lowered prices to benefit consumers

Donated to charity and social causes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What tool has the Federal Reserve used to combat inflation?

Raising interest rates

Lowering interest rates

Increasing government spending

Implementing price controls

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