11th Grade Price Index Quizzes, Questions & Answers

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Inflation And The Cpi

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 1
Which is not associated with hyperinflation?

War or its aftermath

Rising output in the economy

The hoarding of goods and speculation

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

Sample Question 2
Apple can't supply the market with enough iPad Minis to meet consumer demand. The result is that the retail price of the Mini continues to increase. This is an example of __________.

System inflation

Hyperinflation

Demand-pull inflation

Cost-push inflation

Sample Question 3
The cost of steel has risen dramatically, which is making it more expensive to produce automobiles and appliances. Not surprising, GM and GE are just two manufacturers that are passing their increased production costs onto the consumers in the form of higher prices. This is an an example of ___________.

Deflation

Cost-push inflation

Demand-pull inflation

Market forces