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Inflation and Deflation

Authored by Mzz H

Education

4th Grade

Used 1+ times

Inflation and Deflation
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which price indices are used to interpret the rate of inflation?

RPI and CPI

GDP and GNP

WPI and IIP

Current and Constant

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which GDP take into account inflation?

Real and constant

Absolute and relative values

Fixed and variable values

Nominal and current

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which GDP values do NOT take into account inflation?

Constant and current prices

Nominal and real prices

Fixed and flexible prices

Wholesale and retail prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a cause of inflation?

Demand pull

Cost push

Both A and B

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an impact of inflation on firms?

Uncertainty

Loss of international competitiveness

Both A and B

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an impact of inflation on individuals?

Loss of real income

Savers and borrowers

Both A and B

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is defined as the rate of change in the ________ over time.

average price level

unemployment rate

interest rate

money supply

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