Inflation Quizzes & Trivia

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: 45   |  Last updated: Mar 7, 2013
  • Sample Question
    Which is not associated with hyperinflation?

Questions: 10  |  Attempts: 22   |  Last updated: Apr 21, 2015
  • Sample Question
    When does inflation occur?

Questions: 6  |  Attempts: 12   |  Last updated: Mar 26, 2019
  • Sample Question
    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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Inflation Questions & Answers

What is the difference between Inflation and Deflation?
Inflation is the process wherein the goods and the services that are available in different stores will get a boost. This means that people would need to spend more money on items that they normally purchase. Deflation means that the prices of the go