18.3  Inflation and Bubbles

18.3 Inflation and Bubbles

12th Grade

11 Qs

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18.3  Inflation and Bubbles

18.3 Inflation and Bubbles

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Hilary Donahue

Used 2+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of a two percent raise in income when prices rise by five percent?

The raise in income is tripled

The raise in income is real

The raise in income is not real

The raise in income is doubled

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Consumer Price Index (CPI) measure?

Unemployment rate

GDP growth rate

Overall price levels in a country

Stock market performance

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main cause of Demand Pull Inflation?

Decrease in availability of productive resources

Increase in production cost

Too much money chasing too few goods

Decrease in consumer spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary cause of Cost Push Inflation?

Increase in production cost

Decrease in availability of productive resources

Too much money chasing too few goods

Increase in consumer spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main cause of inflation in Venezuela?

Decrease in oil prices

Economic mis-management

Political instability

Natural disasters

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of increased demand and decreased supply on the price of chocolate?

No effect on price

Decrease in price

Increase in price

Fluctuation in price

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary cause of the rise in home prices during the early 2000s?

Increase in population

Shortage in building materials

Speculation and easy credit

Decrease in consumer spending

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