Key Concepts (Grade 12 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What happens to the buying power of money when inflation occurs?
What happens to the buying power of money when inflation occurs?
It declines over time
Which type of inflation occurs when aggregate demand exceeds aggregate supply?
Which type of inflation occurs when aggregate demand exceeds aggregate supply?
Demand-pull inflation
What causes cost-push inflation?
What causes cost-push inflation?
Rising production costs
At what rate does hyperinflation begin?
At what rate does hyperinflation begin?
Exceeding 50%
Which statement about CPI is correct?
Which statement about CPI is correct?
It excludes capital and intermediate goods
What does PPI explicitly show that CPI does not?
What does PPI explicitly show that CPI does not?
Prices of imported goods
How does core inflation differ from headline inflation?
How does core inflation differ from headline inflation?
It excludes highly volatile items
What is South Africa's current inflation target range?
What is South Africa's current inflation target range?
Between 3% and 6%
What is the main purpose of the Monetary Policy Committee?
What is the main purpose of the Monetary Policy Committee?
To determine interest rates
What economic conditions occur together in stagflation?
What economic conditions occur together in stagflation?
Low growth, high unemployment, high inflation