Inflation

Question 1

inflation

Answer 1

occurs when the prices of goods and services increase, decreasing the value of the dollar

Question 2

hyper-inflation

Answer 2

occurs when too much currency floods the market, and the value of that currency decreases rapidly as prices increase at the same rate

Question 3

N.O.O

Answer 3

this acronym represent the formula for calculating inflation

: inflation - (new - - original)/original or I - (N - O)/O

Question 4

ideal rate of inflation is

Answer 4

2%

Question 5

when people improve their lives by gaining more education, earning more income, and increase the standard of living, what is often created

Answer 5

positive inflation

Question 6

inflationary periods are known for their general increase in prices. What is the technical definition for inflation

Answer 6

general increase in all prices and goods

Question 7

unhealthy inflation

Answer 7

6%

Question 8

“cost” of inflation is often figured mathematically as which of the following

Answer 8

percentage