Exploring the Impact of Inflation on the Economy

Exploring the Impact of Inflation on the Economy

Assessment

Interactive Video

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Aiden Montgomery

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Grandma initially give Jennifer?

A book

A movie ticket

A bag of popcorn

$5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does Jennifer think $5 is insufficient for a movie?

She doesn't watch movies

It won't cover popcorn costs

She prefers online streaming

Tickets are free

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does inflation cause according to Grandma?

Decrease in services quality

Decrease in currency value

Increase in purchasing power

Increase in goods quantity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What example does Grandma use to explain inflation?

Orange marmalade

Chocolate

Coffee beans

Ice cream

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens if the demand for a product increases but production remains the same?

Price remains the same

Production stops

Price decreases

Price increases

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could cause the production costs of a product to increase?

Lower taxes

Natural disasters

Decreased demand

Improved technology

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does an increase in money supply affect prices?

No change in prices

Decrease in prices

Prices fluctuate

Increase in prices

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