UD2.7.What is an economic crisis?

Mark the causes of an economic crisis

• A rise in unemployment

• A free market

• A reduction in welfare

• Speculation

Mark the causes of an economic crisis

• A lack of consumption capacity

• Cyclical instability

• Profits for a minority due to speculation during the crisis

• Lack of regulation

Mark the consequences of an economic crisis

• A rise in unemployment

• A free market

• A reduction in welfare

• Speculation

Mark the consequences of an economic crisis

• A lack of consumption capacity

• Cyclical instability

• Profits for a minority due to speculation during the crisis

• Lack of regulation

In our current economic system, it is possible to avoid cyclical fluctuations in the economy

• True

• False

It is easy to anticipate a crisis

• True

• False

Some international economic and political institutions employ professionals to introduce measures to reduce the impact of crises globally or locally

• True

• False

States may adopt provisions to reduce the economic and social costs involved in the crisis for the entire population by increasing public spending

• True

• False

Citizens should learn to behave in a responsible manner and practise sustainable consumption

• True

• False

dismiss people from their jobs for economic reasons

• make redundant

• speculator

• debt

• profit