Increase in the prices of goods and services over time is called

Macro Factors affecting Employment

Quiz
•
Business
•
3rd Grade
•
Medium
Giselle Ioannidis
Used 3+ times
FREE Resource
28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Inflation
Deflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Why does the Federal Reserve use federal funds RATE?
To modulate inflation
To put more dollars in the economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What does the Consumer Price Index Measure (CPI)?
The price increases of a particular basket of goods and services
The price fluctuation AND quantity of a particular basket of goods and services
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the price mechanism?
The adjustment of prices in response to changing market conditions
The surplus of prices in response to changing market conditions
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which two categories is left out of the core inflation rate?
Food and energy
Food and mortgage loans
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Who measures inflation?
It is published monthly by the Bureau of Labor Statistics
It is published monthly by the Federal Reserve Central Bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the consumer price index (CPI)
A measure of the cost of a fixed “market basket” of consumer goods and services
A measure of the cost of a variable “market basket” of consumer goods and services
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