Inflation vs Devaluation
Authored by Juan Méndez Valverde
Instructional Technology, Journalism, English
Professional Development
Used 9+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is inflation?
rise in all prices
rise in most prices
rise in some prices
rise in general prices
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
When inflation is high the _______________of the dollar decreases
cost value
purchasing power
importance
validity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An index that measures the prices of a market basket of goods that typical consumers purchase.
Consumer Price Index
Federal Reserve
Bank
Deflation
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Who is most likely to be hurt by inflation?
someone who borrowed money
a retiree on a fixed income
a business owner
the U.S. government
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What the definition of deflation?
decrease in the average price of goods and services
occurs when the price of goods and services rise
increase in prices
I don't know
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What causes demand pull inflation?
rise in price due to a decrease in supply
a rise in price level due to an increase in consumption
a rise in price due to an increase in the cost of production
a decrease in price due to a decrease in supply
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following groups suffer from high inflation
Borrowers
Lenders
Taxpayers
Property Investors
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