Inflation

Question 1

Deflation is a incremental increase in the price level

Accepted Answer

False

Question 2

For inflation to happen money supply has to increase more than good and services

Accepted Answer

True

Question 3

Demand Pull inflation is caused by an increase in aggregate demand

Accepted Answer

True

Question 4

CPI changes based on regions and culture

Accepted Answer

True

Question 5

Cost Push inflation forces a per unit increase in prices

Accepted Answer

True

Question 6

Rich people are hurt most by inflation

Accepted Answer

False

Question 7

Cost-push inflation is caused by reductions in aggregate supply

Accepted Answer

True

Question 8

Inflation is a pervasive and general decline in average price levels

Accepted Answer

False

Question 9

Energy and Technology are left out of the core inflation rate

Accepted Answer

False

Question 10

CPI measures the price increases of a particular basket of goods and services

Accepted Answer

True

Questions 10