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Inflation Quiz

Authored by Jacob Gill

History

10th Grade

Used 2+ times

Inflation Quiz
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19 questions

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1.

WORD CLOUD QUESTION

3 mins • Ungraded

What word(s) come to mind when you hear "inflation"?

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term is defined as "a measure of changes in the prices of goods and services commonly purchased by consumers?

inflation

producer price index (PPI)

consumer price index (CPI)

unemployment rate

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term is best defined as "a sustained rise in the general price level or a fall in the purchasing power of money"?

deflation

inflation rate

deflation rate

inflation

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What do we call the "measure of changes in wholesale prices"?

Consumer Price Index (CPI)

Producer Price Index (PPI)

Gross Domestic Product (GDP)

National Happiness Index (NHI)

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Economists use the PPI and the CPI to calculate:

unemployment rate

Gross Domestic Product

Economic Growth rate

inflation rate

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Inflation that occurs at more than 50% per month is called...

creeping inflation

healthy inflation

hyperinflation

deflation

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Deflation occurs when...

general price levels decrease

general price levels stay constant

general price levels increase

general price levels rise and decrease, like a wave

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