Have an account?
Skip to Content
Build your own quiz
Suggestions for you
12 questions
Show Answers
See Preview
- 1. Multiple Choice
Inflation is...
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
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
What is the UK target rate of inflation?
1%
2%
3%
4%
- 4. Multiple Choice
A decrease in general price level is called...
Hyperinflation
Low inflation
Deflation
Disinflation
- 5. Multiple Choice
Inflation caused by a rise in wage rates would be classified as..
Demand pull
Demand push
Cost push
Cost pull
- 6. Multiple Choice
Inflation caused by an increase in consumption would be classified as..
Demand pull
Demand push
Cost push
Cost pull
- 7. Multiple Choice
During a recession, inflation is likely to be..
High
Low
- 8. Multiple Choice
A consequence of high inflation is that it benefits borrowers.
True
False
- 9. Multiple Choice
Which of the following measure of inflation includes mortage costs?
CPI
RPI
CPIH
RPIH
- 10. Multiple Choice
As at October 2021 what was the CPI rate of inflation?
3.1%
4%
4.2%
3.2%
- 11. Draw
Show demand pull inflation using and AS/AD diagram
Background image
- 12. Draw
Show cost push inflation using an AS/AD diagram
Background image - Answer choicesTagsAnswer choicesTags