Quiz

Quiz: Inflation vs Deflation vs Disinflation

Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)

11 Steps9 Questions

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Building on what you've learned about economic measures like GDP and national wellbeing, let's explore inflation, deflation, and disinflation!

Multiple ChoiceInteractive

What is inflation?

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Which of the following are effects of inflation? (Select all that apply)

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Deflation is when the {{blank0}} price level decreases, while disinflation refers to a {{blank1}} in the rate of price increases.

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If the inflation rate last year was 5% and this year is 3%, what is the change in inflation rate?

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Multiple ChoiceInteractive

Which of these is an example of deflation?

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Which of the following are potential problems caused by deflation? (Select all that apply)

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Multiple ChoiceInteractive

Which of the following describes disinflation?

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