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8th Grade Inflation Control Quizzes, Questions & Answers

8th Grade

Top Trending Inflation Control Quizzes

Inflation Island Simulation Quest

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 1
Use the "Residential Area" of Inflation Island to answer this question. How does price stability effect a home owner?

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.

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.

Sample Question 2
Use the "Residential Area" of Inflation Island to answer the following question. How does price stability effect families?

The average family is able to manage well because jobs tend to be secure. People can afford to pay their mortgage payments and bills and still have some left over for things like vacations.

The average family struggles to make ends meet. Grocery bills constantly rise cause families to have to cut back more and more on other things.

The average family struggles because their home loses value but the mortgage that they pay each month does not go down.

The average family has one family member lose a job and everyone suffers from rising transportation costs and rising prices on everyday needs.

Sample Question 3
Use the "Residential Area" of Inflation Island to answer this question. How does hyperinflation effect a home owner?

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.

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.

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