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Inflation: Purchasing Power and History Quiz

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Inflation: Purchasing Power and History: a General level Economics quiz. Test your knowledge with 13 questions!

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Questions

Question 1

When inflation rises, what happens to purchasing power?

A It becomes invisible

B It decreases

C It increases

D It stays the same

Question 2

What is extreme, rapid inflation called?

A Hyperinflation

B Recession

C Stagnation

D Deflation

Question 3

Which country experienced extreme hyperinflation in the 1920s?

A Germany

B Norway

C Canada

D Sweden

Question 4

If $1 buys fewer goods than before, this is a sign of:

A Inflation

B Deflation

C Economic growth

D Currency appreciation

Question 5

Central banks often try to keep inflation:

A Negative

B Invisible

C Very high

D Low and stable

📋 This quiz has 13 questions in total.