Inflation 101

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Questions and Answers

What is inflation?

  • The rate at which prices for goods and services fluctuate
  • The rate at which prices for goods and services remain constant
  • The rate at which prices for goods and services rise (correct)
  • The rate at which prices for goods and services decrease

Which are the three types of inflation?

  • Consumer Price Index, Wholesale Price Index, and Producer Price Index
  • Stagflation, hyperinflation, and deflation
  • Demand-pull inflation, cost-push inflation, and built-in inflation (correct)
  • Nominal inflation, real inflation, and expected inflation

What are the most commonly used inflation indexes?

  • Consumer Price Index and Wholesale Price Index (correct)
  • Producer Price Index and Wholesale Price Index
  • Consumer Price Index and Retail Price Index
  • Consumer Price Index and Producer Price Index

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