A one dollar bill and a twenty dollar bill have the same value. A person who thinks this is using what value for money?

Thinking back to the picture of the children playing with the money after WWI. What is the perceived value of the German currency?

A drought sweeps across the United States and wheat crops dry up everywhere. What would happen to the supply of wheat?

The Minnesota Vikings win the Super Bowl (I can dream right)? What would happen to the demand for Vikings apperal?

It is common practice for teams who win championships to have custom t-shirts made to celebrate the occasion. Understanding that the demand for these shirts would increase; what will happen to the price of the shirts?

On a supply and demand graph; when we say that something increases, what direction do we move the respective line?

If the demand for an item remains the same, but the price drops; what will happen to the price?

The demand for milk greatly increases. What will happen to the quantity offered?

The point where supply and demand meet is called the _______ point.

What are the x and y-axis' labeled as on a supply/demand graph?

Inflation causes the cost of things to...

inflation means that your spending power

Choose the best answer about inflation.

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