Economics First C A

Economics First C A

11th Grade

10 Qs

quiz-placeholder

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Economics First C A

Economics First C A

Assessment

Quiz

Others

11th Grade

Practice Problem

Easy

Created by

Adekanmbi Omololu

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Persistent increase in general price level is called

Deflation

Price fluctuation

Inflation

Stagflation

2.

OPEN ENDED QUESTION

3 mins • 1 pt

Mention any two types of inflation you know_______ and ______

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3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What causes cost push inflation

An increase in demand for goods and services
An increase in supply
A rise in production costs passed on to consumers
A fall in the price of imports

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What 2 types of inflation are there?

demand pull and cost push
demand pull and supply glut
supply glut and demand side
supply inflation and demand inflation

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Demand-Pull inflation can be describes as too many _________ chasing too few __________

jobs, workers
consumers, producers
dollars, goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______indicates a change in the general price level in the economy.

WPI

CPI

Food Basket

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Mention four causes of inflation

Evaluate responses using AI:

OFF

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