Unanticipated Inflation: Definition & Overview

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

During unanticipated inflation, why would a couple benefit from taking out a loan for their home?

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1. Which is not a factor to consider when inflation is unanticipated?

2. Who is positively affected by unanticipated inflation?

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About This Quiz & Worksheet

This quiz and accompanying worksheet will gauge your knowledge of unanticipated inflation. Topics you'll need to know for the quiz include what happens to lenders and borrowers when inflation happens, inflation's effects on various individuals, and specifically how a business may benefit from inflation.

Quiz & Worksheet Goals

Use the assessment tools to test your understanding of:

  • The definition of inflation
  • Negative effects of unanticipated inflation
  • Factors to consider when inflation occurs
  • Who exactly is affected by inflation

Skills Practiced

  • Reading comprehension - ensure that you draw important information from the related unanticipated inflation lesson
  • Making connections - use understanding of the concept inflation and interest rates
  • Interpreting information - verify that you can read information regarding the dollar's lower purchasing power and interpret it correctly
  • Information recall - access new knowledge you gained regarding unanticipated inflation's positive effect on some businesses

Additional Learning

To find out more about unanticipated inflation and its effects, review the corresponding lesson titled Unanticipated Inflation: Definition & Overview. The lesson covers these topics:

  • Definition of inflation
  • Who is affected by unanticipated inflation
  • A real life illustration
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