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