Inflation Review Flashcard
Flashcard
•
11th - 12th Grade
•
Hard
Wayground Content
FREE Resource
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14 questions
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1.
FLASHCARD QUESTION
Front
What is inflation?
Back
a general rise in prices
2.
FLASHCARD QUESTION
Front
The _______ is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Back
Consumer Price Index
3.
FLASHCARD QUESTION
Front
Which of the following causes of inflation is often described as “too much money chasing too few goods”?
Options: Demand-pull inflation, Cost-push inflation, Demand-push inflation, Cost-pull inflation
Back
Demand-pull inflation
4.
FLASHCARD QUESTION
Front
Fill in the blank: When inflation is high the _______________ of the dollar decreases.
Back
purchasing power
5.
FLASHCARD QUESTION
Front
Demand-Pull inflation can be described as too many _________ chasing too few __________
Back
dollars, goods
6.
FLASHCARD QUESTION
Front
Which of the following groups suffer from high inflation? Borrowers, Lenders, Taxpayers, Property Investors
Back
Lenders
7.
FLASHCARD QUESTION
Front
According to the wage-price spiral, if a company gives a worker a raise in pay, what must they also do?
Back
Raise the price of their products
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