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Inflation And Deflation Quiz 14 (25 MCQs)

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1. Prices of eggs and bacon have increased, forcing a local diner to increase their prices.
2. Creeping inflation is typically considered bad for an economy?
3. In the long run, the demand for money is most dependent upon
4. Name one cause of inflation.
5. Inflation that is out of control
6. What is a claimant count?
7. Discourages spending and investment because consumers, expecting prices to fall further, delay purchases.
8. In the long run, an increase in the money supply tends to have an effect on real variables but no effect on nominal variables.
9. Which country has been experiencing deflation?
10. The lowest point in the business cycle is
11. Assuming that income velocity is contant, and that the RGDP is growing at an annual rate of 3%, what would happen if the M1 grew by 5% during the same year?
12. Which among the following is exact opposite of inflation?
13. If the money supply grows 5 per cent, and real output grows 2 per cent, prices should rise by
14. You loaned a friend $100 for a year. You are charging her 5% interest. The inflation rate over the year was 2%. You real rate of interest was:(a)
15. You can represent demand-pull inflation in a diagram through _____
16. All sectors in the economy try to buy more goods and services than the economy can produce. The result is
17. Which of the following is used to measure inflation?
18. What is the definition of deflation?
19. Inflation is the sustained increase in the price of a product
20. The two main types of inflation are demand-pull and cost-push.
21. How does inflation impact unemployment?
22. What is demand pull inflation?
23. As money is neutral in the long run, an increase in the money supply can lead to which event in ONLY the short run?
24. What is the initial cost to own a Chick-Fil-A franchise
25. When production costs lead to increases in the general price level, this is known as _____
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