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