Question 1

What is the definition of inflation

Accepted Answer

Persistent and sustained increase in price level of goods and services

Answer

Persistent and sustained decrease in price level of goods and services

Question 2

Inflation measured by ...

Accepted Answer

Consumer price index

Answer

Suplier price index

Answer

Contractionary fiscal policy

Question 3

How the government apply the contractionary fiscal policy?

Accepted Answer

Reduced government spending and increased taxation

Answer

Increased government spending and reduced taxatio

Answer

Maintaining the government spending and taxation

Question 4

Which types of inflation is caused by an increases in production cost and leads to a higher price level?

Accepted Answer

Cost-push inflation

Answer

Monetary inflation

Answer

Demand-pull inflation

Question 5

How the contractionary money policy can reduce agregate demand?

Accepted Answer

Higher the interset rate

Answer

Maintain the interest rate

Answer

Lower the interest rate

Question 6

What are the effect to inflation by using contractionary fiscal policy and contractionary monetary policy ?

Accepted Answer

Double reduction in consumer spending

Answer

Lead to lower unemployment

Answer

Increase in Net exports

Question 7

In what year did the inflation rate reach the highest during 2017 until 2023?

Accepted Answer

2017

Answer

2022

Answer

2019

Question 8

In 2021, Malaysia experiences Movement Control Order (MCO) and it decrease in the inflation rate. What is the inflation rate that year?

Accepted Answer

-1.20%

Answer

0.70%

Answer

1.00%

Related quizzes