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DP1 Inflation

Authored by Julia Peters

Social Studies

9th - 12th Grade

Used 3+ times

DP1 Inflation
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30 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

1. What is inflation?

A decrease in the general price level of goods and services
A decrease in the value of money
An increase in the general price level of goods and services
An increase in the value of money

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

2. What index is commonly used to measure inflation?

GDP Deflator
Consumer Price Index (CPI)
Producer Price Index (PPI)
Balanced Price Index (BPI)

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

3. Which of the following is a cost of high inflation?

Increased savings
Reduced uncertainty
Redistribution of wealth
More stable prices

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

4. How does high inflation affect export competitiveness?

Makes domestic goods cheaper for foreign buyers
Reduces the quality of goods
Makes domestic goods more expensive for foreign buyers
Increases export volume

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

5. What is disinflation?

Prices decreasing
Prices increasing at a faster rate
Prices increasing at a slower rate
Stabilization of prices

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

6. What does deflation refer to?

A rapid increase in prices
A slow increase in prices
A decrease in the general price level of goods and services
A stabilization in the price level

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

7. Which scenario could lead to deflation?

Increase in aggregate demand
Decrease in aggregate demand
Stable aggregate supply
Increase in money supply

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