Meaning And Types of Inflation - SS2 Economics Past Questions and Answers - page 1
What is inflation?
An increase in the value of money
A decrease in the value of money
No change in the value of money
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Which of the following is a type of inflation?
Economic slowdown
Budget deficit
Demand-pull inflation
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What causes cost-push inflation?
Increase in demand
Increase in supply
Increase in production costs
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Which best simplifies hyperinflation?
A mild inflation
A high rate of inflation
No change in inflation
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What is built-in inflation?
A type of inflation caused by a shortage of goods
A type of inflation caused by an increase in production costs
A self-caused cycle of price increases caused by expectations of inflation
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How does inflation affect the purchasing power of money?
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Name one factor that can cause cost-push inflation.
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