Choose the correct answer for each question in the quiz
Inflation
Reduces the cost of living.
Reduces the standard of living.
Reduces the price of products.
Reduces the purchasing power of a euro.
Demand-pull inflation may be caused by:
An increase in production costs.
Reduces the standard of living.
Reduces the price of products.
Reduces the purchasing power of a euro.
The index used most often to measure inflation is the
Paasche Price Index.
Producer price index.
Wholesale price index.
Consumer price index.
If an increase in world demand for copper causes a rise in the price of copper imported into Ireland, and this is passed on into the price of some electric cables, the result will be __________ inflation.
Cost-push.
Real-wage.
Demand pull.
Demand deficient
Which of the following describes Hyper- Inflation?
There is a low steady rate of annual price increases.
This is where a country is experiencing a high rate of inflation and low economic activity.
This is where a country has high annual price increases of over 50%.
None of the above.
If people are made unemployed because of a fall in aggregate demand this is known as:
Frictional unemployment.
Seasonal unemployment.
Cyclical unemployment.
Structural unemployment.
The percentage of the labour force that is unemployed is the
Employment rate.
Unemployment population ratio
Unemployment rate.
Labour force rate.
Another name for search unemployment is:
Frictional unemployment.
Structural unemployment.
Cyclical unemployment.
Seasonal unemployment.
Unemployment resulting from technological change and certain industries becoming obsolete in the economy is called:
Seasonal unemployment.
Structural unemployment.
Technological unemployment.
Frictional unemployment.
The Phillips curve shows the relationship between inflation and what?
