Inflation & Deflation Quizzes, Questions & Answers

Dive into the fascinating world of economics with our Inflation and Deflation quiz! Read more

Popular Inflation & Deflation Topics

Price Index

Price Index (3)

Cost Push Inflation

Cost Push Inflation (3)

Inflation Control

Inflation Control (7)

Price Index Quizzes

MacroEconomics Exam Review

This MacroEconomics Exam Review assesses key concepts such as inflation, GDP, unemployment, and interest rates. It is designed to enhance understanding of economic indicators and t...

Questions: 58 | Attempts: 1193 | Last updated: Mar 22, 2025

Sample Question
All of the following will likely trigger increases in output except:

Increases in the labor force

Increases in labor productivity

Increases in interest rates

Increases in consumer spending

Inflation and the CPI

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, 2025

Sample Question
Which is not associated with hyperinflation?

The hoarding of goods and speculation

A halt to the use of money as both a medium of exchange and a standard of value

War or its aftermath

Rising output in the economy

Economics CPI market quiz

This Economics CPI market quiz assesses understanding of concepts like diminishing returns, the consumer price index (CPI), and the production function. It challenges learners to a...

Questions: 13 | Attempts: 187 | Last updated: Mar 22, 2025

Sample Question
The Idea of diminishing returns means that Real GDP _______ as the quantity of labor increases.

Does not change

Decreases at a slower rate

Increases at a slower rate

Decreases at a faster rate

All Price Index Quizzes

Cost Push Inflation Quizzes

Macroeconomics [Ch. 17]

This Macroeconomics quiz covers fundamental concepts such as inflation causes, hyperinflation, money value, money demand, and the quantity theory of money. It assesses understandin...

Questions: 20 | Attempts: 1784 | Last updated: Aug 22, 2025

Sample Question
In the long run, inflation is caused by

Bands that have market power and refuse to lend money.

Governments that raise taxes so high that it increases the cost of doing business and, hence, raises prices.

Governments that print too much money

Increases in the price of inputs, such as labor and oil

(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
"A sustained rise in price level" (over at least two consecutive quarters) What is being defined?

Inflation

Quiz 2- Whatever Happened to Penny Candy? Pgs. 18-42

Quiz 2 covers 'Whatever Happened to Penny Candy?' from pages 18-42, focusing on economic concepts like inflation, coin clipping, and the TANSTAAFL principle. This quiz assesses und...

Questions: 10 | Attempts: 143 | Last updated: May 21, 2025

Sample Question
A token is a disk of precious metal, like gold or silver.

True

False

All Cost Push Inflation Quizzes

Inflation Control Quizzes

Inflation - Practice Quiz

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 learne...

Questions: 6 | Attempts: 766 | Last updated: Mar 22, 2025

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

AS2 .

AS1 .

Point (c).

A vertical line at Q1 .

Trivia Quiz on Inflation! Economics Test

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, gall...

Questions: 31 | Attempts: 680 | Last updated: Mar 22, 2025

Sample Question
Inflation occurs when aggregate supply is ___

More than aggregate demand

Less than aggregate demand

Equal to aggregate demand

None of these

Inflation Island Simulation Quest

Answer the following questions as your team goes through the simulation.

Questions: 60 | Attempts: 339 | Last updated: Mar 19, 2025

Sample Question
Use the "Residential Area" of Inflation Island to answer this question. How does price stability effect a home owner?

People are spending money fast because it quickly loses its value and because wages are worth less from month to month. There is also more money laying around which leads to more crime.

It is easier to buy a mortgage because interest rates are low. It also makes it easier to calculate monthly payments.

It makes it difficult to pay back a mortgage because your debt grows. So it affects home owners with families hard.

Though mortgage debt is reduced, it takes wages time to catch up with rising prices making it difficult to pay back mortgages.

All Inflation Control Quizzes

Top Trending Inflation & Deflation Quizzes

Inflation And Deflation Quiz: Trivia Test!

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: 2395 | Last updated: Mar 22, 2025

Sample Question 1
When does inflation occur?

When the price of goods and services rise.

When you pay your taxes

When you are broke

Sample Question 2
When does inflation happen?

When you don't pay attention

When goods and services are high demand, creating a drop in availably.

When there is low in demand

Sample Question 3
Deflation is a decrease in the general price level of goods and services.

True

False