What is inflation?
Unit 2a

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•
Business
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
When the general level of prices rise
2.
FLASHCARD QUESTION
Front
Is all inflation bad?
Back
No, a very small increase can stimulate the economy
3.
FLASHCARD QUESTION
Front
What does the Consumer Price Index (CPI) measure?
Back
The prices of a set of goods over a period of time
4.
FLASHCARD QUESTION
Front
What is GDP?
Back
The total dollar value of all finished goods and services produced in a country in a given time period
5.
FLASHCARD QUESTION
Front
__________ refers to a decrease in price level.
Back
Deflation
6.
FLASHCARD QUESTION
Front
Who is most likely to be hurt by inflation? Options: someone who borrowed money, a retiree on a fixed income, a business owner, the U.S. government
Back
a retiree on a fixed income
7.
FLASHCARD QUESTION
Front
When prices increase very rapidly
Back
Hyperinflation
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