Crash Coarse Economics - Inflation

Crash Coarse Economics - Inflation

12th Grade

15 Qs

quiz-placeholder

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Crash Coarse Economics - Inflation

Crash Coarse Economics - Inflation

Assessment

Quiz

History

12th Grade

Practice Problem

Hard

Created by

Kody Travis

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation primarily about?

The decrease in the value of money over time

Prices going down over time

Prices going up over time

The increase in the quality of goods over time

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to your purchasing power if prices rise by 5% but your salary increases only by 2%?

It decreases by 3%

It remains the same

It increases by 3%

It increases by 5%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Consumer Price Index (CPI) measure?

The quantity of goods over time

The quality of goods over time

The change in price levels over time

The total price of a set of goods over time

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is 'real' value in economic terms?

The perceived value of a good

The nominal price of a good

The cost of production

A price that has been adjusted for inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can cause inflation?

A decrease in the money supply

A decrease in demand for goods and services

An increase in the availability of goods

Too much money chasing too few goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a 'bubble' in economic terms?

A period of rapid economic growth

A stable economic period

A sudden drop in prices

An unsustainable escalation of market value

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is 'Demand Pull Inflation'?

Inflation caused by an increase in production costs

Inflation caused by a decrease in demand for goods and services

Inflation caused by an increase in demand for goods and services

Inflation caused by a decrease in production costs

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