Inflation is...
Inflation
Quiz
•
Ms Sage
•
Social Studies
•
10th - 11th Grade
•
159 plays
•
Medium
Student preview
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A measure of price change
An increase in the rate of price increase
An increase in general price levels
A decrease in general price level
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is inflation measured?
By comparing average prices of all goods and services produced
Consumer Price Index
Producer Price index
Government Price Index
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the UK target rate of inflation?
1%
2%
3%
4%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in general price level is called...
Hyperinflation
Low inflation
Deflation
Disinflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation caused by a rise in wage rates would be classified as..
Demand pull
Demand push
Cost push
Cost pull
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation caused by an increase in consumption would be classified as..
Demand pull
Demand push
Cost push
Cost pull
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a recession, inflation is likely to be..
High
Low
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A consequence of high inflation is that it benefits borrowers.
True
False
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following measure of inflation includes mortage costs?
CPI
RPI
CPIH
RPIH
10.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As at October 2021 what was the CPI rate of inflation?
3.1%
4%
4.2%
3.2%
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