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inflation theme 2 edexcel

Authored by Luke Murdoch

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inflation theme 2 edexcel
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17 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Inflation is defined as a __________ rise in the general price level

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following types of inflation is caused by increasing consumer spending?

Demand-pull

cost-push

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost push inflation is shown on an AD/AS diagram with a shift _____ in the ______

left, AD

Left, AS

Right, AD

Right, AS

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are measurements of inflation?

CPI

RPI

KPI

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are not true about the process used to calculate the CPI

it includes both goods and services

prices are collected from a range of outlets

goods/services are weighted according to the frequency they are purchased

it doesn't include mortgage interest payments and council tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The costs involved in moving money around to find the best interest rate are...

a fall in the value of money

menu costs

shoeleather costs

a loss of international competitiveness

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If economic growth is 5% and inflation is 3.8%, by how much has the economy grown in real terms?

8.8%

5%

3.8%

1.2%

-1.2%

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