ESCAPE GAME

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Exploring Economies Escape Room

SPAIN

Objective: Develop an interactive and immersive escape room experience that challenges participants to solve puzzles related to inflation and its economic impacts.

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Mission 1

LEVEL 1

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c) Has no impact

b) Increases it

question 1/3

a) Decreases it

How does inflation affect the purchasing power of a currency?

01:00

c) Demand-pull inflation

question 2/3

b) Hyperinflation

a) Cost-push inflation.

In Spain, Inflation that results from an increase in production costs is known as

01:00

c) Consumer Price Index (CPI)

question 3/3

b) Producer Price Index (PPI)

a) Gross Domestic Product (GDP)

Which economic indicator is often considered a leading indicator of inflation?

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LEVEL 2

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question 1/3

During periods of hyperinflation, what is the common behavior of consumers in Spain?

c) Reduced borrowing

b) Increased saving

a) Hoarding of goods

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question 2/3

What does the term "deflation" refer to in the context of Spain?

c) Increase in consumer spending

b) General decrease in prices

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a) Expansionary monetary policy

c) BBVA

question 3/3

Which central bank in Spain manages monetary policy?

b) Santander Bank

a) Bank of Spain

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LEVEL 3

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question 1/3

What role does globalization play in influencing inflation in Spain?

c) Tends to increase inflationary pressures

b) Tends to decrease inflationary pressures

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a) Has no impact on inflation

question 2/3

Inflation is often measured as an annual percentage change. What does a positive inflation rate indicate in Spain?

c) Prices are increasing over the year

b) Prices are stable

a) Prices are decreasing

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question 3/3

How does a country's exchange rate influence imported inflation?

c) Exchange rates have no impact on inflation

b) Weaker currency decreases imported inflation

a) Stronger currency increases imported inflation

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LEVEL 4

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question 1/3

What is the impact of unanticipated inflation on lenders and borrowers?

d) Borrowers benefit, lenders are unaffected

c) none of the above

b) Both lenders and borrowers are adversely affected

a) Lenders benefit, borrowers are unaffected

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question 2/3

What is inflation?

d) none of the above

c) Decline in GDP

b) Increase in unemployment

a) Rise in the overall price level

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question 3/3

How is the Consumer Price Index (CPI) calculated?

d) none of the above

c) Measures stock market performance

b) Tracks changes in consumer prices

a) Evaluates interest rates

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LEVEL 5

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Decline in consumer demand

question 1/3

What is the primary cause of inflation in an economy?

d) none of the above

c) Decline in consumer demand

b) Decrease in government spending

a) Increase in the money supply

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question 2/3

How do supply and demand dynamics influence price levels in a market?

d) none of the above

c) Decrease prices

b) Mutual interaction affecting prices

a) Increase prices

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question 3/3

How do interest rates typically respond to high inflation?

d) none of the above

c) Increase

b) Remain unchanged

a) Decrease

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Mission 2

LEVEL 1

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Drag and discover

c) Cost-push inflation

b) Demand-pull inflation

question 1/3

a) Wage-push inflation

What is the term for the situation when an increase in wages leads to higher production costs and, subsequently, higher prices?

01:00

b) It refers to a decrease in the rate of inflation

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c) It always leads to deflation

a) It refers to a sudden spike in inflation

question 2/3

Which of the following statements is true about disinflation?

b) Price stability

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c) Deflation

a) Inflation

question 2/3

What is the term for a situation where the overall price level remains stable over time?

LEVEL 2

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c) The inflation rate reflects a hasty increase in prices

b) The inflation rate reflects a decrease in prices.

question 1/3

a) The inflation rate reflects an increase in all prices all the time.

Inflation is the general increase in the prices of goods in the economy, that is, if $1,000 dollars today buys an ice cream and in a month $1,000 dollars is no longer enough to buy it, it is because its price has increased, which means that there is inflation. Therefore:

01:00

c) Mark paid more to be able to keep the list every month

a) The total cost increased 10%

b) Mark paid the same for the market every month

question 2/3

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Every month Mark shops at the same supermarket and always buys the same list of products, which costs her $150,000. This month inflation increased by 5%, which affects Mark because when paying the market

c) It is to reduce prices

b) It is gaining purchasing power

question 3/3

a) It is losing purchasing power

One of the implications that inflation has on the time to acquire goods

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LEVEL 3

159/3 + 3 x 7 + 6 x 90- 448#

Find the clue you need to move forward

Find the clue you need to move forward

Find the clue you need to move forward

Find the clue you need to move forward

b) General instability, unemployment and loss of value of money.

c) The value of money rises, prices increase and it generates production

a) The increase in prices, economic instability, unemployment

question 1/3

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Inflation is the generalized and sustained increase of the price level which causes: response options

c) The rise of the economy

b) The rise in prices

question 2 /3

a) The loss of the value of money

The most important consequence of inflation is

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c) produces a decrease in employment

b) It is one of the causes of deflation

question 3/3

a) It is one of the causes of inflation

A situation of shortage or excess demand...

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LEVEL 4

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c) Increase

a) No change

b) Decrease

question 1/3

01:00

High inflation levels in the economy leads to ______ in the supply of money

c) Inflation

b) Stagflation

question 2/3

a) Deflation

When the price levels of goods and services are falling continuously, this phenomenon is called _____

01:00

b) Inversely with the price level

c) Directly with the interest rate

a) Directly with the volume of employment

question 3/3

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The purchasing power of money varies ______

LEVEL5

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c) wholesale price index

b) producer price index

question 1/3

a) consumer price index

The index used to measure inflation is the

01:00

c) Raising interest rates

a) Cutting government spending

b) Reducing taxes

question 2/3

01:00

Which of the following is a policy tool used to combat demand-pull inflation?

c) It focuses only on producer prices

b) It includes only essential goods and services

question 3/3

a) It does not account for changes in quality of goods

Which of the following is a limitation of using the CPI as a measure of inflation?

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NEXT MISSION

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Mission 3

pregunta 1/10

b) Reduced economic growth

a) Uncertainty in financial markets

Which of the following is considered a consequence of moderate inflation? Remember the number behind the correct answer.

00:30

pregunta 2/10

b) Real interest rate = Nominal interest rate + Inflation rate

a) Real interest rate = Nominal interest rate - Inflation rate

What is the formula for calculating the real interest rate? Remember the number behind the correct answer.

00:30

pregunta 3/10

b) Inflation rates

a) Exchange rates

The Fisher equation relates nominal interest rates to: Remember the number behind the correct answer.

00:30

pregunta 4/10

b) Excess aggregate demand

a) An increase in production efficiency

Demand-pull inflation is typically associated with Remember the number behind the correct answer.

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pregunta 5/10

b) A recession with deflation

a) High unemployment and high inflation simultaneously

The term "stagflation" refers to Remember the number behind the correct answer.

00:30

pregunta 6/10

b) Deflation

a) Monetary policy

What is the term for the practice of increasing the money supply in an attempt to stimulate economic growth? Remember the number behind the correct answer.

00:30

pregunta 7/10

b) Inflation rate

a) Hyperinflation

What is the term for the measure of the overall increase in prices within an economy? Remember the number behind the correct answer.

00:30

pregunta 8/10

b) Open market operations

a) Fiscal policy

Which of the following is not a tool used by central banks to control inflation? Remember the number behind the correct answer.

00:30

pregunta 9/10

b) Demand-pull inflation

a) Wage-push inflation

What is the term for the situation when an increase in wages leads to higher production costs and, subsequently, higher prices? Remember the number behind the correct answer.

00:30

pregunta 10/10

b) It refers to a decrease in the rate of inflation

a) It has no impact on the economy

Which of the following statements is true about disinflation? Remember the number behind the correct answer.

00:30

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