Inflation in Duckville: A Comedic Tale

Inflation in Duckville: A Comedic Tale

12th Grade

55 Qs

quiz-placeholder

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Inflation in Duckville: A Comedic Tale

Inflation in Duckville: A Comedic Tale

Assessment

Quiz

Other

12th Grade

Hard

Created by

Kimpton Smith

FREE Resource

55 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main topic of the passage 'Inflation in Duckville: A Comedic Tale' is:

Economic challenges in Duckville

A serious analysis of inflation

A comedic story about inflation

The history of Duckville

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the passage, what happens when aggregate demand is higher than aggregate supply?

The price level rises.

The price level falls.

There is a surplus of goods.

There is a shortage of goods.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is demand-pull inflation as described in the passage?

Demand-pull inflation is caused by an increase in demand for goods and services.

Demand-pull inflation occurs when there is a decrease in the supply of goods and services.

Demand-pull inflation is a result of government intervention in the economy.

Demand-pull inflation is caused by external factors such as global economic conditions.

4.

OPEN ENDED QUESTION

3 mins • 1 pt

In the passage, what caused the supply shock in Gooseville?

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5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does CPI stand for according to the passage?

Consumer Price Index

Cost Per Impression

Characters Per Inch

Critical Path Institute

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is hyperinflation as explained in the passage?

A rapid and excessive increase in prices.

A slow and steady increase in prices.

A decrease in the value of money.

A stable economic condition.

7.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the effect of high inflation on purchasing power as mentioned in the passage?

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