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Name________________________Hour_____
Inflation (Chapter 13, Section 2)
1. Define Inflation. Deflation, and <from class> “Stagflation”.
2. What is creeping inflation?
3. What is chronic inflation?
4. What is Hyperinflation? (From class: Give an example.)
5. What is Demand Pull Inflation? Give an example from class discussions:
6. What is Cost Push inflation? Give an example from class discussions:
7. What is a price index and what is the Consumer Price Index (the CPI)?
8. How does the CPI measure inflation? Who compiles this indicator?
9. What is in the "market basket" of goods and services? (see below)
10. Describe how they find the Inflation Rate from the CPI.
11. <from class> What is the current base period?
13. What is deflation? Why do some economists think it is worse than inflation?
14. What is stagflation (from class)
15. What, approximately, is the current inflation rate (from class)?
**16. Exactly what is so bad about having too much inflation in the economy?**
17. What is so bad about deflation?
18. <From Class> What is “Quantitative Easing”? Why is the Fed currently using this tool?
Name ______________Hour______
Inflation (Chapter 13, Section 2)
1. Define Inflation. Deflation, and <from class> “Stagflation”.
2. What is creeping inflation?
3. What is chronic inflation?
4. What is Hyperinflation? (From class: Give an example.)
5. What is Demand Pull Inflation? Give an example from class discussions:
6. What is Cost Push inflation? Give an example from class discussions:
7. What is a price index and what is the Consumer Price Index (the CPI)?
8. How does the CPI measure inflation? Who compiles this indicator?
9. What is in the "market basket" of goods and services? (see below)
10. Describe how they find the Inflation Rate from the CPI.
11. <from class> What is the current base period?
13. What is deflation? Why do some economists think it is worse than inflation?
14. What is stagflation (from class)
15. What, approximately, is the current inflation rate (from class)?
**16. Exactly what is so bad about having too much inflation in the economy?**
17. What is so bad about deflation?
18. <From Class> What is “Quantitative Easing”? Why is the Fed currently using this tool?
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