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WorksheetsEconomics First C A
Total questions: 10
Worksheet time: 13mins
Name
Class
Date
1.
Persistent increase in general price level is called
a)
Deflation
b)
Price fluctuation
c)
Inflation
d)
Stagflation
2.
Mention any two types of inflation you know_______ and ______
4 lines
3.
What causes cost push inflation
a)
An increase in demand for goods and services
b)
An increase in supply
c)
A rise in production costs passed on to consumers
d)
A fall in the price of imports
4.
What 2 types of inflation are there?
a)
demand pull and cost push
b)
demand pull and supply glut
c)
supply glut and demand side
d)
supply inflation and demand inflation
5.
Demand-Pull inflation can be describes as too many _________ chasing too few __________
a)
jobs, workers
b)
consumers, producers
c)
dollars, goods
6.
_______indicates a change in the general price level in the economy.
a)
WPI
b)
CPI
c)
Food Basket
7.
Mention four causes of inflation
4 lines
8.
Write down the answer to the audio
4 lines
9.
The relationship between the general price level and value of money is (a)
10.
During period of inflation, the purchasing power of money is
a)
Eroded
b)
Increased
c)
Multiplied
d)
Escalated
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