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Inflation - 1 Flashcards | StudBud
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Inflation - 1
Inflation - 1
10 terms
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StudBud Administration
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36 plays
A short economics quiz on the basics of inflation.
Flashcards
10 cards
F
Practice quiz
P
Host live
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Questions
10
Answers
1
Inflation caused by rising costs of production increasing final costs.
Cost Push Inflation
Demand Pull Inflation
Chronic Inflation
HyperInflation
2
Redesigning store packaging to be smaller but keeping prices the same actually is a
price increase.
price decrease.
environmentally sensitive.
just a way to be efficient
3
Inflation is defined as a rise in _____________ price levels.
Necessities
Every Product's
Overall
Certain Product
4
Inflation caused by too much money chasing too few goods.
Hyperinflation
Chronic Inflation
Cost Push Inflation
Demand Pull Inflation
5
Which group of persons is most hurt by inflation?
Immigrants
Government Workers
Fixed Income Persons
Union Members
6
Current Inflation levels show prices increasing on the average around __________%.
4%
2%
5%
10%
7
Inflation is measured at the BLS by using a tool called
Core Inflation
Consumer Price Index
Unemployment Rate
Price Fixes
8
The opposite of inflation, a lowering of average price levels.
Demand Pull
Deflation
Cost Push
Hyperinflation
9
An automatic increase in a person's income based on the inflation rate.
Cost Push
Boost in Pay
Price Hike
COLA
10
Why are food and energy prices removed from the CPI to create the Core CPI?
Too volatile (change quickly)
A Necessity
Too expensive
Hard to measure
