The Economics of Stimulus Packages

The Economics of Stimulus Packages

Assessment

Interactive Video

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Quizizz Content

Business, Social Studies

7th - 12th Grade

Hard

15:41

The video discusses the economic crisis of 2020, highlighting government responses like stimulus packages and monetary policies. It examines Australia's effective response, including increased welfare and the Jobkeeper Payment. The concept of universal basic income is explored, noting its potential benefits and limitations during a crisis. The US response is critiqued for its focus on corporate support. The video emphasizes the importance of learning from these responses to better handle future crises.

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10 questions

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1.

MULTIPLE CHOICE

30 sec • 1 pt

What is the primary role of governments during economic crises as discussed in the video?

2.

MULTIPLE CHOICE

30 sec • 1 pt

What is counter-cyclical fiscal policy?

3.

MULTIPLE CHOICE

30 sec • 1 pt

How did Australia's government manage to implement effective economic measures during the crisis?

4.

MULTIPLE CHOICE

30 sec • 1 pt

What is a key advantage of Universal Basic Income (UBI) mentioned in the video?

5.

MULTIPLE CHOICE

30 sec • 1 pt

Why is Universal Basic Income not considered the right solution during the current crisis?

6.

MULTIPLE CHOICE

30 sec • 1 pt

What is a major criticism of the US stimulus plan?

7.

MULTIPLE CHOICE

30 sec • 1 pt

What is a potential reason for the US stimulus plan's focus on large companies?

8.

MULTIPLE CHOICE

30 sec • 1 pt

What is a key challenge mentioned in the video regarding modern economic theories?

9.

MULTIPLE CHOICE

30 sec • 1 pt

What is the impact of low interest rates on the economy as discussed in the video?

10.

MULTIPLE CHOICE

30 sec • 1 pt

What is the suggested approach to economic policies during crises?

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