How does inflation affect the purchasing power of money?
What is Inflation?
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Business
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KG - 12th Grade
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Hard
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A child visits a fun fair with their dad, enjoying treats and games. The dad explains inflation using real-life examples, highlighting how prices increase over time due to demand and production costs. The child learns about the impact of inflation on purchasing power and the economy.
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3 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What reasons did the dad give for why prices can increase?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What example did the dad use to explain how the cost of making things can rise?
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