Understanding Inflation: Types and Consequences

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Business
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11th Grade - University
•
Hard
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is demand pull inflation and what causes it?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the concept of cost push inflation.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the economic consequences of high inflation?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the shoe and leather costs associated with inflation.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
How does inflation affect savers and borrowers differently?
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