EHC Macroeconomics Inflation

EHC Macroeconomics Inflation

9th - 12th Grade

5 Qs

quiz-placeholder

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EHC Macroeconomics Inflation

EHC Macroeconomics Inflation

Assessment

Quiz

Business

9th - 12th Grade

Easy

Created by

James Quinn

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

Rise in all prices

Rise in most prices

Rise in some prices

Sustained rise in general prices

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An index that measures the prices of a 'basket' of goods that typical consumers purchase.

Government Index

Consumer Price Index

National Bank

Deflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand-pull inflation is inflation caused by...

Producer costs

Producer demand

Consumer costs

Consumer demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is more likely to be hurt by inflation?

Someone who's salary is increasing

Someone who's salary stays the same

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What causes cost-push inflation?

An increase in demand

A fall in the price of imports

A rise in production costs passed on to consumers.