What is the primary purpose of the time machine in the video?

Understanding Inflation and Deflation Through History

Interactive Video
•
Economics, History, Social Studies
•
9th - 12th Grade
•
Hard

Sophia Harris
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To show the impact of technology on inflation
To travel to the future and predict inflation rates
To explore the effects of inflation and deflation in historical periods
To demonstrate how to build a time machine
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In 1893, why was it not a good time for a farmer to borrow money from the bank?
Because the interest rates were too low
Because banks were not lending money
Because deflation increased the real value of the loan
Because inflation was too high
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By the end of 1895, what was the real value of the $100 loan borrowed in 1893?
$108
$101
$110
$100
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should retirees in 1946 lobby for automatic inflation adjustments to their Social Security payments?
To ensure their checks keep up with inflation
To increase the nominal value of their checks
To decrease the amount of taxes they pay
To receive additional benefits from the government
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the real value of a $25 Social Security check by the end of 1948?
$15
$18.70
$20
$25
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When were automatic inflation adjustments added to Social Security?
1946
1950
1975
1980
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In 2012, what should a Venezuelan resident do with their 1,000 Bolivars in savings?
Spend the money immediately
Transfer the savings to another currency despite high fees
Invest in local businesses
Keep the Bolivars in savings
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