Sticker Shock

According to the article, the main cause of high inflation rates was war.

• True

• False

Inflation occurs when demand is high and _________ is low.

• supply

• demand

What disrupted the global oil market?

• Crime

• Russian War on Ukraine

• Population

• The COVID-19 Pandemic

From May 2021 to May 2022, what percent did prices increase?

• 6.8%

• 2%

• 3%

• 8.6%

In one sentence, explain why the price of meat has increased.

The U.S. has never faced inflation before 2020.

• True

• False

People's paychecks are staying the same while the costs of goods and services are _________

• increasing

• staying the same

In one sentence, explain why making borrowing money more expensive (increasing interest rates) could help lower inflation?

What are financial experts predicting will happen?

• Inflation could drop in the US by 3%

• People’s paychecks may increase

• Interest rates will continue to rise temporarily

• All of the above

To limit the amount of something that people are allowed to have or buy.

• Ration

• Supply Chain

• Interest