Inflation & Deflation

Inflation & Deflation

Assessment

Assessment

Created by

Robert Nightingale

Other

9th - 12th Grade

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12 questions

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1.

Multiple Choice

20 sec

1 pt

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What is Inflation?

Inflation is a decrease in the general level of prices

Inflation is an increase in the general level of prices 

Inflation is a number that that compares prices in one year with prices with some earlier base year

Inflation is measured in percentage rates that helps people

2.

Multiple Choice

45 sec

1 pt

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As inflation increases every dollar in value increases?

True

False

3.

Multiple Choice

45 sec

1 pt

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What is one cause of inflation?

When the cost of necessities decrease

When unemployment begins to increase

When a large supply of money, earned or borrowed, is spent for goods that are in short supply, prices increases

The main cause is deflation

4.

Multiple Choice

45 sec

1 pt

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How can we measure inflation?

Money Supply

Federal Reserve

Interest Rates

Consumer Price index

5.

Multiple Choice

45 sec

1 pt

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Inflation is most harmful to...

Borrowers of money

Index Wage earners

Pensioners

Owners of non-financial assets

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