The Inflation Impact Quiz

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Questions and Answers

Which of the following is a potential benefit of inflation?

  • It helps businesses grow (correct)
  • It makes it harder to pay back loans
  • It causes businesses to shrink
  • It encourages people to save money

What can happen when prices rise too quickly?

  • It becomes easier to plan for the future
  • People become more confident in their money
  • The economy becomes more stable
  • People lose confidence in their money (correct)

Who is responsible for controlling inflation?

  • Individuals
  • Consumers
  • The government or central banks (correct)
  • Businesses

What can the government or central banks do to control inflation?

<p>Increase interest rates (C)</p> Signup and view all the answers

Why is a little bit of inflation considered good?

<p>It helps businesses grow (A)</p> Signup and view all the answers

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