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- Inflation And Bubbles And Tulips: Crash Course Economics #7
Inflation and Bubbles and Tulips: Crash Course Economics #7
Authored by Cynthia Elm
Social Studies
9th - 12th Grade
Used 59+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Inflation is an ________ in a currency supply relative to the number of people using it, resulting in rising prices of goods and services over time.
increase
decrease
stagnation
overestimation
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is a bubble?
A collection of soap molecules
The price of just one good soars as a result of collective delusions and irrational exuberance.
A fun way to pass an afternoon.
Molecular cohesion among water molecules facilitated by the bonding of polar molecules in the soap.
3.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
A (a) basket is a list of goods that represents what an average consumer buys in a year.
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What is the most commonly used measure of inflation?
inflation rate
currency index
IBM
CPI
5.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
Real means that a price from the past (a) been adjusted for inflation.
6.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
Nominal means that a price from the past (a) been adjusted for inflation.
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Being rich is about ....
how much money you have.
how much purchasing power you have.
how many bank accounts you have that contain over $100, 000 (FDIC insured).
your relative position with respect to eh CPI.
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