1、Name: Class: Date: Chapter11-MoneyGrowthandInflation1. Howcaninflationbemeasured? a. bythechangeintheconsumerpriceindex b. bythepercentagechangeintheconsumerpriceindex c. bythepercentagechangeinnominalGDP d. bythechangeinthepriceofaspecificcommodityANSWER: b2. Overthepast70years,whatwastheappro
2、ximateaverageannualinflationrate? a. 2percent b. 3percent c. 4percent d. 6percentANSWER: c3. Overthepast70years,whatwastheapproximateaverageannualinflationrate? a. 3percent,implyingthatpriceshaveincreased12-fold b. 4percent,implyingthatpriceshaveincreased16-fold c. 4percent,implyingthatpriceshave
3、increased18-fold d. 5percent,implyingthatpricesincreasedabout18-foldANSWER: b4. Whenpricesarefalling,whattermdoeconomistsuse? a. disinflation b. deflation c. contraction d. inflationANSWER: b5. WhichstatementbestdescribestheevolutionofinflationinCanada? a. Ithasbeenrelativelyconstantoverthepast7
4、0years. b. Theinflationratewasconstantat7percentannuallyformostofthetwentiethcentury. c. Duringthe1990s,pricesroseatanaveragerateof2percentperyear. d. Duringthe1970s,therewasdeflation.ANSWER: c6. WhichstatementbestdescribestheevolutionofthepricelevelinCanada? a. Thepricelevelroseatanaverageannual
5、rateofabout2percentoverthepast70years. b. Thepricelevelhasincreasedabout12-foldoverthepast70years. c. Thepricelevelincreasedinthe1970satarateabovetheaverageofthepast70years. d. Thepricelevelhasneverdecreasedoverthepast70years.ANSWER: c7. Whenandwheredidhyperinflationoccur? a. during1880–1896inthe
6、UnitedStatesCopyrightCengageLearning.PoweredbyCognero.Page 37Name: Class: Date: Chapter11-MoneyGrowthandInflation b. inpost–WorldWarIGermany c. duringthe1970sinCanada d. during1930–1933intheUnitedStatesANSWER: b8. Whicheventtookplaceintheearly1920sinGermany? a. deflationthatproveddetrimentaltof
7、armers b. thegovernmentlimitedthesizeofwageandpricesincreasesinanefforttoreducetherateofinflation c. asudden,unexpecteddropininflationthathurtborrowers d. anextraordinarilyhighrateofinflationANSWER: d9. Whatdoes
