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The Inflation Impact Quiz
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The Inflation Impact Quiz

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@HumourousCreativity

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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</p> Signup and view all the answers

    Why is a little bit of inflation considered good?

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

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