DP Econ Deflation

DP Econ Deflation

9th - 12th Grade

30 Qs

quiz-placeholder

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DP Econ Deflation

DP Econ Deflation

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Julia Peters

Used 2+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

1. What is deflation?
A sustained rise in the price level
A sustained fall in the price level
A situation with no inflation
A temporary fall in the price level

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

2. What economic behavior does deflation typically encourage among consumers?
Increasing consumption
Delaying purchases
Buying more luxury items
Reducing savings

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

3. How can deflation affect businesses?
Increase investment
Delay investment
Increase wage rates
Hire more workers

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

4. What happens to debtors in a deflationary period?
Their loan burden decreases
They benefit from low interest rates
Their loan burden increases
They find it easier to borrow money

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

5. What is a redistributive effect of deflation?
Debtors benefit from increased purchasing power
Inequality is reduced
Creditors lose purchasing power
Creditors benefit from increased purchasing power

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

6. Which is a possible consequence of deflation on unemployment?
Increased cyclical unemployment
Reduced structural unemployment
Lower cyclical unemployment
Increased frictional unemployment

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

7. How does deflation affect the real value of debt?
Increases it
Decreases it
Leaves it unchanged
Doubles it

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