Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
20 Cards in this Set
- Front
- Back
|
How much a set amount of money can buy
a. inflation b. purchasing power c. deflation d. base period |
purchasing power
|
|
|
A rise in the prices of most goods and services
a. inflation b. purchasing power c. deflation d. base period |
inflation
|
|
|
A type of inflation in which "too much money is chasing too few goods."
a. demand-pull b. cost-push c. inflation d, deflation |
demand-pull
|
|
|
Measures the changes in the prices of commonly bought goods and services from one year to another
a. inflation b. Consumer Price Index c. inflation d. base period |
CPI
|
|
|
When consumers demand a raise because the price of goods and services is rising day after day, this type of inflation is called:
a. demand-pul b. cost-push c. inflation d. deflation |
cost-push..?
|
|
|
A type of inflation in which prices are pushed up by costs
a. demand-pull b. cost-push c. inflation d. deflation |
cost-push
|
|
|
Inflation may hurt poor people because they:
a. own stocks b. few options to add income c. have two jobs d. own business |
few options to add income
|
|
|
A time that has an index number of 100
a. inflation b. purchasing power c. deflation d. base period |
base period
|
|
|
Inflation may help some people who:
a. own businesses b. own banks c. own real estate d. own stocks |
own real estate
|
|
|
Inflation may hurt the middle class because they:
a. own stocks b. have savings c. own real estate d. none of these |
have savings
|
|
|
People that are helped by inflation:
a. own stocks b. have savings c. own real estate d. own money |
own real estate and owe money
|
|
|
Inflation that is out of control and cause prices to double in days, can lead to:
a. the growth of democracy b. collapse of the economy c. lower prices d. a higher standard of living |
collapse of the economy
|
|
|
Runaway inflation that causes prices to double in days is called:
a. Hyperinflation b. deflation c. cost-push d. demand-pull |
hyperinflation
|
|
|
Retired people are hurt by inflation because they:
a. own stocks b have fixed incomes c. own businesses d. own real estate |
have fixed incomes
|
|
|
A fall in the prices of most goods and services
a. inflation b. consumer price index c. deflation d. base period |
deflation
|
|
|
T/F
The purchasing power of the dollar refers to how much can actually be bought with a dollar when compared to previous time periods |
True
|
|
|
T/F
The value of the dollar increases during inflation |
False
|
|
|
T/F
Retired people, those living on savings, and lenders are usually hurt by inflation |
True
|
|
|
T/F
Inflation is the rise in the prices of most goods and services |
True
|
|
|
T/F
Deflation is the even more rapid rise in the prices of products |
False
|
