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Inflation

Authored by Mr Wetters

Other

11th - 12th Grade

Used 37+ times

Inflation
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Extremely rapid inflation with the price level rising by at least fifty per cent each month

Hyperinflation

Stagnation

Deflation

Inflation

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Level of GDP where all available factor inputs are fully employed

Cost push inflation

Consumer price Index

Full capacity output

Relative deflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prices driven higher due to an increase in higher unit wages, import prices, indirect taxes etc

Demand Pull

Cost push

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Combination of slow growth and fast-rising prices

Hyperinflation

Demand pull

Cost plus

Staglfation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Nominal wage adjusted for inflation

Living wage

RPI

Real wage

Constant prices

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rising prices resulting from a high level of aggregate demand relative to potential output

Demand Pull

Cost Push

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Demand Pull

Cost Push

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