Inflation and Price Rise

WhatsApp Channel Join Now
Telegram Group Join Now

66. The Phillips curve illustrates the relationship between:
a) Inflation and unemployment
b) Inflation and interest rates
c) Inflation and GDP growth
d) Inflation and exchange rates

Answer: a) Inflation and unemployment
View Answer >

67. The term “creeping inflation” refers to:
a) Mild and gradual increase in prices
b) Rapid and uncontrollable increase in prices
c) Stable prices
d) Deflation

Answer: a) Mild and gradual increase in prices
View Answer >

68. Which of the following is a measure of inflation that focuses on changes in the prices of goods and services purchased by households?
a) Producer Price Index (PPI)
b) Consumer Price Index (CPI)
c) Wholesale Price Index (WPI)
d) Gross Domestic Product (GDP)

Answer: b) Consumer Price Index (CPI)
View Answer >

69. Inflationary expectations refer to:
a) The rate at which prices are currently rising
b) The anticipated future rate of inflation
c) The historical rate of inflation
d) The level of inflation deemed acceptable by the government

Answer: b) The anticipated future rate of inflation
View Answer >

70. When the inflation rate is negative, it is referred to as:
a) Stagflation
b) Hyperinflation
c) Deflation
d) Disinflation

Answer: c) Deflation
View Answer >


WhatsApp Channel Join Now
Telegram Group Join Now
                                                   

Leave a Comment

telegram Join Telegram
Join Now Join Now