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Inflation Quizzes & Trivia

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What do you know about inflation and deflation? Inflation is a state in the economy where the price of basic commodities goes up in a short duration of time. At the same time, deflation is characterized by a major drop in the...

Questions: 9  |  Attempts: 1900   |  Last updated: Mar 22, 2022
  • Sample Question
    When does inflation occur?
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Inflation is the state in which a given country's currency loses its values as common commodities rise. There are four types of inflation, which include creeping, walking, galloping, and hyperinflation. The difference comes...

Questions: 31  |  Attempts: 446   |  Last updated: Mar 22, 2022
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    Inflation occurs when aggregate supply is ___
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Questions: 6  |  Attempts: 710   |  Last updated: Mar 22, 2022
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    Refer to the graph below. Assume that the economy is initially at equilibrium at point (a). If there is demand-pull inflation in the economy such that AD1 shifts to AD2 , the long-run AS curve will be
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This quiz will assess your applied understanding of the concept of inflation and the validity of the CPI as a measure of inflation. 

Questions: 6  |  Attempts: 495   |  Last updated: Mar 22, 2022
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    Which is not associated with hyperinflation?
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Inflation in economic terms is the rate in which the prices of daily goods increase. The increased rate puts weight in a country's economy up to a point where its currency does not have value. This quiz gives you a chance...

Questions: 30  |  Attempts: 209   |  Last updated: Mar 21, 2022
  • Sample Question
    What is the definition of inflation?
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