Free Printable Causes of inflation

Worksheets

Causes of inflation

Total questions: 15

Worksheet time: 17mins

Name

Class

Date

When inflation is high the _______________of the dollar decreases

cost value

purchasing power

importance

validity

What is inflation?

rise in all prices

rise in most prices

rise in some prices

rise in general prices

Demand-Pull inflation can be describes as too many _________ chasing too few __________

jobs, workers

consumers, producers

dollars, goods

Who is most likely to be hurt by inflation?

someone who borrowed money

a retiree on a fixed income

a business owner

the U.S. government

What 2 types of inflation are there?

demand pull and cost push

demand pull and supply glut

supply glut and demand side

supply inflation and demand inflation

What causes demand pull inflation?

rise in price due to a decrease in supply

a rise in price level due to an increase in consumption

a rise in price due to an increase in the cost of production

a decrease in price due to a decrease in supply

According to the wage-price spiral, if a company gives a worker a raise in pay, what must they also do?

Raise the price of their products

go out of business

lower the price of their products

GDP that is adjusted for inflation

real GDP

nominal GDP

price level

net national product

Fiscal policy is

decisions the government makes to fight inflation

actions the the Federal Reservice takes to control money supply

does not help with inflation

10.

What causes cost push inflation

An increase in demand for goods and services

An increase in supply

A rise in production costs passed on to consumers

A fall in the price of imports

11.

Most countries try to maintain an inflation rate of ______ per year.

One percent or less

Two to three percent

Four to five percent

Six to seven percent

12.

Which of the following types of inflation interferes with a company’s ability to plan for the future?

Expected inflation

Unexpected inflation

Creeping inflation

Galloping inflation

13.

_________ is a decrease in the rate of inflation.

Hyperinflation

Disinflation

Deflation

Stagflation

14.

__________ occurs in the economy when unemployment and inflation are both high.

Hyperinflation

Disinflation

Deflation

Stagflation

15.

What type of inflation is caused when banks print more money?

Bankflation

Monetary inflation

Hyperinflation

Increase in the money supply

100 %

Causes of inflation

Total questions: 15

Worksheet time: 17mins

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