10th Grade Inflation & Deflation Quizzes, Questions & Answers

10th Grade

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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