Inflation and Stagflation

Question 1

Use the drop-down menus to complete the statements.

Revolt · Accepted Answer

When people have more money and eagerly spend it, this increases .This leads to inflation.When the prices of raw materials or labor increase, this causes an increase in , resulting in for consumers.: demand; When people have more money and eagerly spend it, this increases .This leads to inflation.When the prices of raw materials or labor increase, this causes an increase in , resulting in for consumers.: demand-pull; When people have more money and eagerly spend it, this increases .This leads to inflation.When the prices of raw materials or labor increase, this causes an increase in , resulting in for consumers.: the cost of production; When people have more money and eagerly spend it, this increases .This leads to inflation.When the prices of raw materials or labor increase, this causes an increase in , resulting in for consumers.: higher prices

Question 2

cost-push✔ demand-pulldecreased

Revolt · Accepted Answer

✔ demand-pull

Question 3

supplydemand✔ the cost of production

Revolt · Accepted Answer

✔ the cost of production

Question 4

between 2010 and 2013between 2014 and 2015✔ in 2009 only

Revolt · Accepted Answer

✔ in 2009 only

Question 5

Use the drop-down menus to complete the statements.

Revolt · Accepted Answer

✔ increase; Inflation is a measure of how prices .: increase; Disinflation occurred .: between 2008 and 2009; The inflation rate was about in 2014.: 1.5 percent; Overall, prices declined .: in 2009 only

Question 6

✔ between 2008 and 2009between 2009 and 2010between 2013 and 2014

Revolt · Accepted Answer

✔ between 2008 and 2009

Question 7

1 percent✔ 1.5 percent2 percent

Revolt · Accepted Answer

✔ 1.5 percent

Inflation and Stagflation Answers

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