macro drills10 questions
Inflation Basics Drill 1
This ORIGINAL Econixa set covers how inflation is measured with the CPI and the main theories of what causes it.
Q1.
The Consumer Price Index (CPI) measures:
Multiple choice · Foundations
Q2.
If the CPI rises from 250 to 260, the inflation rate is:
Multiple choice · Foundations
Q3.
A basket costs 240 today. The CPI today (base = 100) is:
Multiple choice · Intermediate
Q4.
Demand-pull inflation is caused by:
Multiple choice · Foundations
Q5.
Cost-push inflation is most directly triggered by:
Multiple choice · Foundations
Q6.
Menu costs and shoe-leather costs are examples of:
Multiple choice · Intermediate
Q7.
Unanticipated inflation tends to benefit:
Multiple choice · Intermediate
Q8.
The Fisher equation states that the nominal interest rate equals:
Multiple choice · Advanced
Q9.
Deflation is defined as:
Multiple choice · Foundations
Q10.
Hyperinflation is most often caused by:
Multiple choice · Intermediate