Macro Chapter 6

Macro Chapter 6

University

20 Qs

quiz-placeholder

Similar activities

MKT034 P2 Quiz

MKT034 P2 Quiz

University

15 Qs

E-Learning Survey

E-Learning Survey

University

16 Qs

Manajemen UMKM & Koperasi

Manajemen UMKM & Koperasi

University

20 Qs

PRE-TEST - CHAPTER 3

PRE-TEST - CHAPTER 3

University

15 Qs

IMPORTANT BRANDING DECISSIONS

IMPORTANT BRANDING DECISSIONS

University

15 Qs

International trade

International trade

University

15 Qs

BSOA2 EBC 2022 - 2023

BSOA2 EBC 2022 - 2023

University

18 Qs

PRINCIPLES AND PRACTICES OF MARKETING

PRINCIPLES AND PRACTICES OF MARKETING

University

20 Qs

Macro Chapter 6

Macro Chapter 6

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Kenneth Kunkel

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to a measure that examines the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services?

Consumer price index

Price level

Real wage

Nominal quantity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the general term for a statistical measure that shows changes in the price level of a basket of goods and services over time?

Real interest rate

Price index

Deflation

Indexing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term describes the percentage increase in the price level from one period to the next?

Deflation

Real quantity

Rate of inflation

Nominal interest rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for a sustained decrease in the general price level of goods and services?

Hyper inflation

Indexing

Deflation

Price level

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best defines a nominal quantity?

A value measured in current dollars

A value adjusted for inflation

A value indexed to a base year

A value expressed in real terms

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a real quantity?

A value measured in current prices

A value before inflation is considered

A value adjusted for changes in the price level

A value that is not indexed

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which process involves converting a nominal quantity into a real quantity by adjusting for inflation?

Indexing

Hyper inflation

Relative price

Deflating a nominal quantity

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?