Question

The inflation rate is the percentage change in the ___ from one year to the next. Deflation is a situation in which the _ is _ and the inflation rate is _. A. interest rate; interest rate; rising; positive B. price level; price level; falling; negative C. interest rate; interest rate; falling; negative D. price level; input cost; rising; positive Part 3 Hyperinflation is an inflation rate of _ or higher that grinds the economy to a halt and causes a society to collapse. A. 20 percent a month B. 50 percent a month C. 20 percent a year D. 50 percent a year Part 4 The Consumer Price Index is a measure of the _ of the prices paid by _ consumers for a fixed market basket of consumption goods and services. A. sum; rural B. average; urban C. average; rich D. sum; urban Part 5 The core inflation rate is _____. A. the inflation rate including food and fuel B. the inflation rate including domestically priced fuel but excluding internationally produced fuel C. the inflation rate excluding volatile elements D. another name for the CPI inflation rate

          The inflation rate is the percentage change in the _____ from one year to the next.
Deflation is a situation in which the _____ is _____ and the inflation rate is _____.
A.
interest rate;
interest rate; rising; positive
B.
price level;
price level; falling; negative
C.
interest rate;
interest rate; falling; negative
D.
price level;
input cost; rising; positive
Part 3
Hyperinflation is an inflation rate of _____ or higher that grinds the economy to a halt and causes a society to collapse.
A.
20 percent a month
B.
50 percent a month
C.
20 percent a year
D.
50 percent a year
Part 4
The Consumer Price Index is a measure of the _____ of the prices paid by _____ consumers for a fixed market basket of consumption goods and services.
A.
sum; rural 
B.
average; urban
C.
average; rich
D.
sum; urban
Part 5
The core inflation rate is _______.
A.
the inflation rate including food and fuel
B.
the inflation rate including domestically priced fuel but excluding internationally produced fuel
C.
the inflation rate excluding volatile elements
D.
another name for the CPI inflation rate

Added by Timothy M.

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