Grade 12 C
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Last updated 10 months ago
12 questions
2
What is a characteristic of a command economy?
What is a characteristic of a command economy?
2
What does GDP measure in an economy?
What does GDP measure in an economy?
2
What is opportunity cost?
What is opportunity cost?
2
What is inflation?
What is inflation?
2
What is the primary purpose of tariffs in an economy?
What is the primary purpose of tariffs in an economy?
2
What is a direct effect of inflation on consumers?
What is a direct effect of inflation on consumers?
2
How do central banks typically combat recession?
How do central banks typically combat recession?
2
Which term describes the overall rise in prices in an economy?
Which term describes the overall rise in prices in an economy?
2
What is the primary cause of demand-pull inflation?
What is the primary cause of demand-pull inflation?
2
Which index most commonly measures inflation in the U.S.?
Which index most commonly measures inflation in the U.S.?
2
How can inflation affect purchasing power?
How can inflation affect purchasing power?
2
What trend is typically associated with hyperinflation?
What trend is typically associated with hyperinflation?