Learning Objectives: Inflation
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Hard
Tammy Craig
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What is inflation?
A decrease in the general level of prices of goods and services.
An increase in the general level of prices of goods and services.
A measure of the value of money over time.
A method to calculate GDP.
2.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Fill in the blank: A dollar today is worth more than a dollar ________.
tomorrow.
yesterday.
last year.
next week.
3.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What is deflation?
An increase in the general level of prices for goods and services
A decrease in the general level of prices for goods and services
The same as inflation
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
Fill in the blank: Disinflation is a situation where prices are rising but the rate of increase is ______.
slowing down
speeding up
remaining constant
fluctuating
5.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
During the early 2000s, the US housing market was booming due to:
Low interest rates and easy credit availability
High unemployment rates
Strict lending standards
Decreasing population
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
What happened to the demand for housing in 2007?
The demand for housing increased significantly.
The demand for housing remained stable.
The demand for housing decreased significantly.
The demand for housing fluctuated unpredictably.
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
The collapse of the banking system during the Great Recession had a significant impact on:
global financial markets
local small businesses
housing market
all of the above
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