Exploring Inflation and Economic Bubbles
Interactive Video
•
Social Studies
•
6th - 10th Grade
•
Practice Problem
•
Medium
Aiden Montgomery
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a rise in prices effectively equate to?
An increase in savings
No change in financial status
A decrease in wages
An increase in wages
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Consumer Price Index (CPI) used for?
Calculating interest rates
Measuring inflation
Calculating the GDP
Measuring unemployment rates
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country experienced nearly 70% inflation rate at the end of 2014?
Japan
Venezuela
United States
Ireland
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes Demand Pull Inflation?
A decrease in consumer demand
A surplus of goods in the market
Too much money chasing too few goods
Decrease in production costs
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant cause of Cost Push Inflation?
An increase in demand for goods
An increase in money supply
A decrease in taxes
A decrease in the availability of a key resource
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the cause of the housing price bubble in the early 2000s?
A decrease in demand for houses
A shortage of building materials
Low interest rates and deceitful lending practices
A sudden increase in population
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an economic bubble?
An unsustainable increase in the price of assets
A period of rapid economic growth
A stable economic period
A decrease in the price of goods
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