August End of the Month - Academy Assessment

When a key commodity sees a rapid price increase, it is called what?

• Inflation

• Deflation

• Supply shock

• Commodity inflation

What is the second key cause of stagflation?

• Commodity inflation

• An increase in supply

• A decrease in demand

• The government

Who created the Phillips curve?

• Paul Samuelson

• William Phillips

• Robert Solow

• Milton Friedman

Stagnation and inflation are almost always seen at the same time. True or false?

• True

• False

What usually happens to unemployment rates during a stagflation?

• They decrease

• They remain the same

• It depends on the type of stagflation

• They rise

Are stagflation and regular inflation the same?

• Yes

• No

• Maybe

Which is the biggest and most valuable cryptocurrency that uses mining?

• Litecoin

• Ethereum

• Bitcoin

• Ripple

What does 'PoW' stand for?

• Proof of Wealth

• Proof of Wisdom

• Proof of Wages

• Proof-of-work

What does the mining process involve?

• Processing new blocks and creating new coins

• Trading cryptocurrency on an exchange

• Storing cryptocurrency in a digital wallet

• Creating a new cryptocurrency token

What does 'GPU' stand for?

• General Processing Unit

• Graphics Performance Unit

• Graphics Processing Unit

• General Performance Unit