Inflation Worksheet

Inflation Worksheet

11th Grade

15 Qs

quiz-placeholder

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Inflation Worksheet

Inflation Worksheet

Assessment

Quiz

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11th Grade

Practice Problem

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Created by

Daniel Winston

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inflation is defined as a sustained decrease in the general price level of goods and services in an economy.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT typically considered a main type of inflation?

Demand-pull inflation

Cost-push inflation

Hyperinflation

Deflationary spiral

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost-push inflation primarily arises from:

An increase in aggregate demand.

A decrease in the money supply.

An increase in the costs of production for firms.

Increased consumer confidence.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A significant increase in consumer spending, leading to shortages of goods and services, is a key characteristic of:

Cost-push inflation.

Demand-pull inflation.

Stagflation.

Disinflation.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in wages for workers would likely contribute to cost-push inflation.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a potential effect of cost-push inflation on the economy?

Increased economic growth.

Higher unemployment due to reduced production.

Lower interest rates.

Increased consumer purchasing power.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand-pull inflation occurs when:

Businesses reduce their investment spending.

Aggregate supply exceeds aggregate demand.

There is "too much money chasing too few goods.","The government decreases taxes significantly.

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