Inflation
Inflation video
Inflation video quiz. WRITE DOWN THE QUESTIONS AND YOUR ANSWER.
Cause of inflation slide show. Take notes on this.
Read this website to answer Study Guide #1 questions. You'll answer these questions, and all of the remaining questions, on a separate sheet of paper. Make sure you label all your questions and answers.
Answer q1-4 using this website
1. List five goods and services that consumer price index (CPI) covers.
a.
b.
c.
d.
e.
2. List two things that are not included in the consumer price index (CPI).
a.
b.
3. Whose buying habits does the CPI reflect?
4. Whose buying habits does the CPI NOT reflect?
Answer q.5 using this website
5. What is the current rate of inflation?
6. What has been the trend in inflation rates during the last five years?
ASSESSMENT ACTIVITY
7) According to the Quantity Theory:
a) Inflation occurs because there is not enough money in the economy.
b) Inflation occurs because demand exceeds supply for goods and services.
c) Inflation occurs because there is too much money in the economy.
8) Purchasing power describes what happens to our ability to buy goods and services when prices...
a) fall due to inflation.
b) rise due to inflation.
c) rise due to deflation.
9) The cost-push theory of inflation states that:
a) Inflation occurs because there is not enough money in the economy.
b) Inflation occurs because of the cost of producing goods and services go up and are then passed along to the consumer.
c) Inflation occurs because there is too much money in the economy.
10) The market basket is a combination of goods and services that the BLS uses to track changes in the general price level. These are items that an average family will spend money on in a given month.
a) True.
b) False.
11) Which of the following best describes the demand-pull theory of inflation?
a) Inflation occurs because demand exceeds supply for goods and services.
b) Inflation occurs because of the cost of producing goods and services go up and are then passed along to the consumer.
c) Inflation occurs because there is too much money in the economy.
Inflation video quiz. WRITE DOWN THE QUESTIONS AND YOUR ANSWER.
Cause of inflation slide show. Take notes on this.
Read this website to answer Study Guide #1 questions. You'll answer these questions, and all of the remaining questions, on a separate sheet of paper. Make sure you label all your questions and answers.
Answer q1-4 using this website
1. List five goods and services that consumer price index (CPI) covers.
a.
b.
c.
d.
e.
2. List two things that are not included in the consumer price index (CPI).
a.
b.
3. Whose buying habits does the CPI reflect?
4. Whose buying habits does the CPI NOT reflect?
Answer q.5 using this website
5. What is the current rate of inflation?
6. What has been the trend in inflation rates during the last five years?
ASSESSMENT ACTIVITY
7) According to the Quantity Theory:
a) Inflation occurs because there is not enough money in the economy.
b) Inflation occurs because demand exceeds supply for goods and services.
c) Inflation occurs because there is too much money in the economy.
8) Purchasing power describes what happens to our ability to buy goods and services when prices...
a) fall due to inflation.
b) rise due to inflation.
c) rise due to deflation.
9) The cost-push theory of inflation states that:
a) Inflation occurs because there is not enough money in the economy.
b) Inflation occurs because of the cost of producing goods and services go up and are then passed along to the consumer.
c) Inflation occurs because there is too much money in the economy.
10) The market basket is a combination of goods and services that the BLS uses to track changes in the general price level. These are items that an average family will spend money on in a given month.
a) True.
b) False.
11) Which of the following best describes the demand-pull theory of inflation?
a) Inflation occurs because demand exceeds supply for goods and services.
b) Inflation occurs because of the cost of producing goods and services go up and are then passed along to the consumer.
c) Inflation occurs because there is too much money in the economy.