Inflation Quizzes, Questions & Answers
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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: 678 | Last updated: Mar 22, 2023
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Sample QuestionInflation occurs when aggregate supply is ___
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: 2385 | Last updated: Mar 22, 2023
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Sample QuestionWhen does inflation occur?
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: 298 | Last updated: Mar 21, 2023
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Sample QuestionWhat is the definition of inflation?
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: 609 | Last updated: Mar 22, 2023
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Sample QuestionWhich is not associated with hyperinflation?
This Inflation - Practice Quiz assesses understanding of inflation dynamics, including demand-pull and cost-push inflation, and the role of monetary policy. It evaluates the learner's ability to interpret economic graphs and...
Questions: 6 | Attempts: 765 | Last updated: Mar 22, 2023
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Sample QuestionRefer 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 titled 'E for F&B Chap3: INFLATION' explores key concepts related to inflation in economics. It assesses understanding of causes, effects, and specific types of inflation, highlighting its impact on debtors, price...
Questions: 30 | Attempts: 79 | Last updated: Apr 11, 2023
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Sample QuestionA cause of inflation is:
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