Podcast
Questions and Answers
What is the impact of exports on the circular flow of income?
What is the impact of exports on the circular flow of income?
- Reduce the value of aggregate demand
- Add to the value of aggregate demand (correct)
- Have no impact on aggregate demand
- Increase inflation rate
How do imports affect the circular flow of income?
How do imports affect the circular flow of income?
- Increase the value of aggregate demand
- Reduce the value of aggregate demand (correct)
- Decrease inflation rate
- Do not impact aggregate demand
According to Crowther, how is inflation defined?
According to Crowther, how is inflation defined?
- A rise in the general price level
- Too much of money chasing too few goods
- A state in which the value of money is failing (correct)
- An economic phenomenon where currency value is rising
What does Coulbourn's definition imply about inflation?
What does Coulbourn's definition imply about inflation?
How is inflation usually measured?
How is inflation usually measured?
What is one economic impact of inflation?
What is one economic impact of inflation?
Which indicator is commonly used to measure inflation?
Which indicator is commonly used to measure inflation?
What is an alternative indicator to measure the rate of inflation?
What is an alternative indicator to measure the rate of inflation?
Inflation is primarily caused by:
Inflation is primarily caused by:
Which statement best describes the nature of inflation?
Which statement best describes the nature of inflation?
Inflation is considered to be a purely:
Inflation is considered to be a purely:
Which event may lead to artificial scarcity of goods that can cause inflation?
Which event may lead to artificial scarcity of goods that can cause inflation?
What is a common cause of inflation in an economy?
What is a common cause of inflation in an economy?
How is inflation measured in India?
How is inflation measured in India?
What is a beneficial level of inflation for an economy?
What is a beneficial level of inflation for an economy?
How can one determine if inflation exists in an economy?
How can one determine if inflation exists in an economy?
What is one feature of inflation according to the text?
What is one feature of inflation according to the text?
How is inflation typically measured over time?
How is inflation typically measured over time?
