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Inflation Quiz 8 (25 MCQs)

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1. What is demand-led inflation?
2. High inflation means:
3. A car valued at $ 25000 depreciates at a rate of 21% per year for 5 years. By how much did it depreciate? [1 pt]
4. Why might an increase in a current account surplus cause inflation? OCT/NOV 2014 13
5. Demand-pull inflation (or demand inflation) is inflation caused by excessive decreases in aggregate demand.
6. A spending plan or guide.
7. Robert thinks he has a good retirement plan because he can count on an annual increase that matches the inflation rate. With inflation, is Robert financially better off, worse off, or the same?
8. Which of the following groups DO NOT suffer from high inflation?
9. In the documentary about cocoa beans (ROTTEN:Bitter chocolate), we learned that the farmers don't have any _____
10. $ 9000 is invested at 6.4% p.a. compounded monthly for 10 years. What will be the value of the "real value" of the interest earned if the average inflation rate of this time period is 2.1%? [1 pt]
11. To measure the average price level of items that consumers actually buy, the Bureau of Labor and Statistics use the
12. Inflation that is sudden or unexpected tends to hurt which of these groups of people MOST?
13. If the prices go from 250 to 120 then The prices
14. Inflation is most harmful to
15. Headline inflation is more volatile than core inflation because
16. If your interest rate for your savings account is 2% per year and the average inflation rate is 3% per year, what happens to the value of your savings account in real terms after 2 years?
17. Due to the problems of demand side policy, the use of supply side policies have been used to fight both types of inflation more successfully by
18. CPI is calculated by:
19. In two speed economies there is a risk of
20. The bank will NOT grant a loan to Mr. Diehl if he _____
21. A person who uses economic goods and services is regarded as a _____
22. To determine whether a country is meeting the goal of economic growth, economists use
23. In section 4, the word entice most nearly means _____
24. The group of goods and services selected and used to measure inflation is referred to as
25. The bank gives you a loan anticipating 5% inflation, and 8% occurs
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