Quiz 6

Inflation means a sustained increase in the ___________ price level in an economy.


Inflation happens when too much money chases too few goods and services.


Why did the depreciation of Maldivian Rufiyaa in 2011 affect the price of the locally produced goods?


Among the following, tick the ones that could cause ‘demand-pull’ inflation.


The increase in fuel prices lead to higher costs on electricity generation and transport. What type of inflation is caused by this?


An increase in the aggregate demand in the economy will cause inflation if the suppliers are unable to increase supply to match the increase in ____________.


What effect does a depreciation have on imports?


Inflation is one of the many economic problems facing Maldives.


What kind of inflation was caused by the introduction of Goods & Services Tax in Maldives?


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