Edit Game
Deflation: what is it?
 Delete

Use commas to add multiple tags

 Private  Unlisted  Public



 Save

Delimiter between question and answer:

Tips:

  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.

 Import questions





 Save   20  Close
What is the main topic of the text?
 
Deflation and what it means
 
Inflation and how to control it
The glossary explains:
 
Key vocabulary from the text
 
The history of money
When deflation happens, suppliers might:
 
Lower prices
 
Hire more workers
Deflation makes goods and services:
 
Cheaper
 
More expensive
The value of fiduciary currency is not tied to:
 
Gold or precious metals
 
The government’s trust
Bitcoin is an example of:
 
Deflationary currency
 
Fiduciary currency
What happens to demand for deflationary currency over time?
 
It increases
 
It decreases
Why does deflationary currency become more valuable?
 
Because supply decreases
 
Because supply increases
Deflationary currency becomes:
 
More valuable
 
Less valuable
The government can issue more fiduciary currency if:
 
Necessary
 
It wants to stop inflation
Fiduciary currency is usually prone to:
 
Inflation
 
Stability
Fiduciary currency gets its value from:
 
Trust in the government
 
Gold or silver
The goal of reducing prices is to:
 
Balance supply and demand
 
Make more money
When people buy less, suppliers:
 
Reduce prices
 
Increase prices
When deflation happens, people:
 
Buy less
 
Buy more
Deflation usually happens during:
 
Economic crises
 
Festivals
What decreases in deflation?
 
The amount of money people have
 
Price of goods and services
What increases during deflation?
 
Purchasing power
 
Prices
What happens during deflation?
 
Prices decrease
 
Prices increase
What is the opposite of inflation?
 
Deflation
 
Growth
Your experience on this site will be improved by allowing cookies.