Inflation And Stagflation Question Answers

Created by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Amit Mangal
Amit Mangal, Quiz Creator
Amit, a key part of ProProfs.com, excels at crafting diverse and interactive quizzes. His enthusiasm for learning and originality shines through his work, making each quiz both fun and enlightening. Amit is committed to delivering high-quality content that keeps users engaged and informed.
Quizzes Created: 1269 | Total Attempts: 1,438,755
| Attempts: 60
Quiz Flashcard
SettingsSettings
Please wait...
  • 1/10 Questions

    The opposite of inflation is?

    • Stagflation
    • Core inlfation
    • Deflation
    • Skewflation
Please wait...
About This Quiz

Inflation is the increase in the prices of goods; stagflation is inflation accompanied by slow growth. Take this informative quiz which contains questions and answers on the topic of inflation and stagflation. If you have an upcoming economics exam or want to enhance your knowledge about the topic, then this is the quiz for you. This quiz will test your understanding and will also provide you with valuable learnings. So, play this quiz and see where you stand. All the best!

Inflation And Stagflation Question Answers - Quiz

Quiz Preview

  • 2. 

    Inflation and stagnation combined is referred to as .

    • Deflation

    • Core inflation

    • Stagflation

    • Headline inflation

    Rate this question:

  • 3. 

    Which of the following categories won't suffer from the increase in prices?

    • Labor class

    • Unemployed class

    • Business class

    • Women

    Rate this question:

  • 4. 

    When too much money is chasing too few goods, this results in....

    • Cost-push inflation

    • Demand-pull inflation

    • Deflation

    • None of the above

    Rate this question:

  • 5. 

    Deflationary gap exists when?

    • Unemployment rate > natural rate of unemployment

    • Real GDP < Potential GDP

    • Real GDP > Potential GDP

    • Real GDP = Potential GDP

    Rate this question:

  • 6. 

    When a currency's value is reduced by the central government relative to the international exchange rate, this occurrence is known as

    • Depreciation

    • Inflation

    • Devaluation

    • Deflation

    Rate this question:

  • 7. 

    Government uses_____ to lower inflation

    • Increases borrwoings

    • Increase government spending

    • Cuts in government spending

    • None of the above

    Rate this question:

  • 8. 

    The purchasing power of money 

    • Directly proportional with price level

    • Inversely proportional with the price level

    • Stable with price level

    • None of the above

    Rate this question:

  • 9. 

    High inflation level leads to 

    • Increase in the money supply

    • Decrease in money supply

    • High purchasing power

    • High demand

    Rate this question:

  • 10. 

    When does an inflationary gap exist?

    • Real GDP < Potential GDP

    • Real GDP > Potential GDP

    • Real GDP = Potential GDP

    • Unemployment rate > natural rate of unemployment

    Rate this question:

Quiz Review Timeline (Updated): Nov 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Nov 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 10, 2022
    Quiz Created by
    Amit Mangal
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.