Froggy Jumps Inflation QuizVersión en línea Test your knowledge about inflation with these 10 questions! por sarah ayyad 1 What is inflation? a A decrease in the general price level of goods and services in an economy over a period of time. b A sustained increase in the general price level of goods and services in an economy over a period of c A sudden increase in the general price level of goods and services in an economy. 2 What causes inflation? a A decrease in the money supply in an economy. b Changes in supply and demand for goods and services. c An increase in the money supply in an economy. 3 What is the effect of inflation on purchasing power? a It decreases the purchasing power of money. b It has no effect on the purchasing power of money. c It increases the purchasing power of money. 4 What is the CPI? a Consumer Price Index, a measure of inflation based on the average price level of goods and services b Central Price Index, a measure of inflation based on the average price level of goods and services p c Consumer Price Increase, a measure of inflation based on the average price level of goods and servic 5 What is hyperinflation? a An extremely low and typically accelerating inflation. b A sudden decrease in the general price level of goods and services in an economy. c An extremely high and typically accelerating inflation. 6 What is deflation? a A decrease in the general price level of goods and services in an economy over a period of time. b A sudden decrease in the general price level of goods and services in an economy. c An increase in the general price level of goods and services in an economy over a period of time. 7 What is stagflation? a A situation of high inflation combined with low unemployment and stagnant demand in a country's econ b A situation of high inflation combined with high unemployment and stagnant demand in a country's eco c A situation of low inflation combined with high unemployment and stagnant demand in a country's econ 8 What is the role of central banks in controlling inflation? a They use trade policy tools to manage imports and exports. b They use fiscal policy tools to manage government spending and taxation. c They use monetary policy tools to manage the money supply and interest rates. 9 What are some measures to protect against inflation? a Investing in assets that tend to increase in value during inflation, such as real estate or commodit b Keeping money in a savings account with a fixed interest rate. c Reducing spending and saving money in a regular checking account.
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