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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is creeping inflation?
💡 Hint: Think about how prices change slowly over time.
Question 2
Easy
Is walking inflation a severe economic problem?
💡 Hint: Consider the range of increased rates.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What type of inflation is defined as a slow increase in prices?
- Creeping Inflation
- Running Inflation
- Hyperinflation
💡 Hint: Think about which word means 'slow'.
Question 2
True or False: Running inflation occurs when prices increase above 5%.
- True
- False
💡 Hint: Remember the threshold for this type of inflation.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Given recent inflation data showing a 9% increase in food prices over the last year, classify this type of inflation and explain its potential economic impacts.
💡 Hint: Look at the price increase percentage and consider its effects on consumer behavior.
Question 2
Consider a hypothetical economy experiencing hyperinflation. What measures could policymakers take to regain control over the economy?
💡 Hint: Think about monetary policy tools that can regulate inflation.
Challenge and get performance evaluation