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10 questions of economic crisis Flashcards | StudBud

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What often triggers an economic crisis?

Which economic measure can help mitigate a crisis?

10 questions of economic crisis

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Answers

1
Which economic measure can help mitigate a crisis?
Reducing taxes for corporations only
Decreasing minimum wages
Increasing interest rates
Government stimulus packages
2
What often triggers an economic crisis?
Excessive consumer savings
Balanced government budgets
Low levels of unemployment
Financial market instability
3
What is a common effect of an economic crisis?
Surplus of government revenue
A decline in unemployment rates
Rising stock prices
Increased economic inequality
4
What is a financial bubble?
A method for reducing inflation
Rapid unsustainable price increase is an asset
A government savings account
A reserve of physical money in banks
5
What is recession in economic terms?
A temporary period of economic growth
A budget surplus
A state of zero inflation
A sustained period of economic decline
6
Which policy is often implemented during economic crises to boost demand?
Austerity measures
Restrictive trade policies
Increasing corporate taxes
Expansionary monetary policies
7
What role does consumer confidence play in economic crises?
It is unaffected by crises
It increases due to optimism
It stabilizes during a crisis
It decreases worsening the crisis
8
What is an economic crisis?
a period of economic growth and prosperity
a sudden increase in consumer spending
a prolonged period of economic downturn
a temporary increase in unemployment rates
9
How does unemployment typically change during an economic crisis?
It decreases
It is unaffected
It increases
It remains stable
10
Which event is commonly associated with economic crises?
The renaissance
The great depression
The space race
industrial revolution