Inflation

Inflation

Assessment

Quiz

Social Studies

10th Grade

Hard

Created by

Wayground Content

Used 90+ times

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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Inflation?

Money being able to buy more products

is rising general level of products and it reduces the “production power” of money.

is rising general level of prices and it reduces the “purchasing power” of money.

is lowering general level of prices and it raises the “purchasing power” of money.

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the three causes of Inflation?

Supply Chain

Overspending

Federal Reserve

Gas Prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wage measured by dollars rather than purchasing power.

Nominal Wage

Real Wage

Normal Wage

Net Wage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wage adjusted for inflation.

Nominal Wage

Real Wage

Normal Wage

Net Wage

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Who is Hurt by Inflation? Pick 3

Lenders

Savers

Borrowers

People with fixed incomes

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

People who are helped by inflation. Pick 2.

Borrowers

Lenders

A business where the price of the product increases faster than the price of resources

Savers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percent change in prices from year to year.

Price Indices

Inflation Rate

Market Rate

GDP Rate

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