11th Grade Cost Push Inflation Quizzes, Questions & Answers

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(7.) Economics Hl. Macroeconomics, Definitions.
(7.) Economics Hl. Macroeconomics, Definitions.

IB Economics HL. Definitions QUIZ. Section 3. Macroeconomics. Inflation, unemployment, income distribution.

Questions: 23  |  Attempts: 326   |  Last updated: Mar 22, 2025
  • Sample Question 1
    "Inflation that occurs as a result of an increase in costs of production" What kind of inflation is this?
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  • Sample Question 2
    When short run aggregate supply contracts and price level increases simultaneously (that is, when inflation rate is high and real output decreases / economic growth is low), this is known as
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  • Sample Question 3
    "People of working age who are without work, but willing to, able to, and actively seeking work" Is such a definition acceptable for the concept of unemployment?
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