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FinCap Friday: Lessons About Recessions Flashcards | StudBud

Explore/FinCap Friday: Lessons About Recessions

FinCap Friday: Lessons About Recessions

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Questions 5

Answers

1
What does the government usually do to help during a recession?
Cut funding for social programs
Decrease taxes
Increase interest rates
Give people money to spend in the form of stimulus payments
2
What are some problems that can occur during a recession?
Higher unemployment rates and less money for people to spend
Lower stock market prices and more savings for people
Lower unemployment rates and more money for people to spend
More job opportunities and higher wages
3
What should people do to stay informed about the state of the economy during a potential recession?
Keep an eye on the news
Watch TV shows instead of reading the news
Ignore the news
Don't do anything
4
What is a recession?
A time when businesses are making a lot of money
A time when interest rates are high
A time when the economy is not doing well
A time when people are spending more money than they used to
5
What’s the difference between being laid off and getting fired?
Getting fired is employer's fault. Being laid off is employee's fault
Being laid off is the employer's fault. Being fired is the employee's fault
Getting fired and being laid off are the same thing