Inflation & Expansions Lesson

24 Slides • 8 Questions

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Fill in the Blanks

Type answer...

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Open Ended

Provide a current example of inflation

Type response here

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Match

Match the following types/causes of inflation to their correct definition

Wage/Price Spiral

Demand Pull Inflation

Cost Push

Inflation

Excessive Monetary Growth

Prices & Wages are trapped in an endless cycle of growth/changes

GOOD inflation, shows economic growth or expansion

BAD inflation, shows lost of resources.

Printing more cash (growing money supply) faster than REAL GDP

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Open Ended

Why is printing money not a solution to fix an economy?

Type response here

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Multiple Choice

Which of the following is a characteristic of Stagflation

1

HIGH GDP

2

Cost Push Inflation

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Low unemployment

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New technology

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Open Ended

Explain the difference between deflation & inflation in 10 words or less.

Type response here

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COMPLETE THE TYPES OF INFLATION TABLE ON THE BACK OF YOUR NOTES

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Open Ended

What are 4 categories of the December 2016 CPI basket of goods.

Type response here

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Match

Match the following USA inflation rates

2%

-.8%

10%

USA GOAL

Recession

Expansion/Growth

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VISIT THIS WEBSITE TO ANSWER THE BOTTOM QUESTIONS:

https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/

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