Understanding Inflation

A Grade 9 Social Studies worksheet on inflation, covering its causes, effects, and measurement.

Grade 9 Social studies EconomicsInflation

Includes

multiple-choiceFill in the BlanksTrue / FalseShort AnswerMatching

Standards

D2.Eco.2.9-12. Analyze the ways in which supply and demand, competition, incentives, and government policies affect the allocation of resources and the distribution of income in the United States and other nations.D2.Eco.3.9-12. Evaluate the effectiveness of government policies in promoting economic goals such as growth, stability, full employment, and equity.

Topics

inflationeconomicssocial studiesgrade 9

7 sections · Free to use · Printable

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Understanding Inflation

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Read each question carefully and answer to the best of your ability.

1. What is inflation?

A decrease in the general price level of goods and services.

An increase in the general price level of goods and services.

A stable economy with no price changes.

A decrease in the value of money.

2. Which of the following is a common cause of inflation?

Decrease in consumer demand

Increase in production costs

Strong currency value

Reduced money supply

3. The purchasing power of money during periods of inflation.

4. inflation occurs when there is too much money chasing too few goods.

5. The Consumer Price Index (CPI) is a common measure of .

6. Hyperinflation is a mild and manageable form of inflation.

True

False

7. Inflation generally benefits savers.

True

False

8. Briefly explain the difference between demand-pull inflation and cost-push inflation.

9. Describe one negative impact of high inflation on an economy.

Match each term on the left with its definition on the right.

10. Deflation

a. Rapid and out-of-control inflation

11. Stagflation

b. A general decrease in prices

12. Hyperinflation

c. High inflation combined with high unemployment and stagnant demand