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Teams
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lifesaver
Give 25 points!
Oops!
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gold
Win 50 points!
Okay!
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shark
Other team loses 5 points!
Okay!
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lifesaver
Give 20 points!
Oops!
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monster
Reset all scores!
Oops!
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fairy
Take points!
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25
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fairy
Take points!
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25
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banana
Go to last place!
Oops!
10
×
What is the basic definition of inflation?
A general increase in prices and the fall in the purchasing value of money.
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20
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Why might a homeowner with a fixed-rate mortgage actually benefit from inflation?
They pay back their debt with money that is worth less than when they borrowed it.
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20
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Why does inflation discourage people from putting money in a standard savings account?
Because the interest earned is often lower than the rising cost of living.
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15
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What is "Purchasing Power"?
The amount of goods or services that one unit of currency can buy.
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15
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If you have $10 today and inflation is high, will that $10 buy more or less bread next year?
Less bread
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15
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Which group is hurt MOST by unexpected inflation: Savers or Borrowers?
Savers
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15
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What happens to the "Value of the Dollar" during inflation?
It decreases.
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15
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Which is a "physical asset" that usually protects against inflation:
Real estate
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15
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True or False: Inflation acts like a "hidden tax" on people with fixed incomes.
True
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20
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How does high inflation usually affect social stability?
It increases it (leads to strikes, protests, and unhappiness).
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heart
Other team wins 10 points!
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fairy
Take points!
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25
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fairy
Take points!
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25
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lifesaver
Give 20 points!
Oops!
15
×
What is "Hyperinflation"?
Extremely rapid or out-of-control inflation (usually over 50% per month)
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15
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Who is usually responsible for trying to control inflation in a country?
The Central bank
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15
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If a country has high inflation, are its exports likely to become more expensive or cheaper for other countries?
More expensive
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