What was a major oversight by economists that contributed to the financial crisis?
Steve Keen: Credit Created Out of Thin Air 3/7

Interactive Video
•
Business
•
University
•
Hard
Quizizz Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The rapid growth of derivatives and credit default swaps
The increase in global poverty
The decline in stock market values
The rise of inflation rates
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Krugman's paper, what aspect of debt is considered impactful on the economy?
The interest rates on debt
The distribution of debt
The currency in which debt is denominated
The total amount of debt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the neoclassical view of lending?
Lending is a redistribution of wealth among citizens
Lending is a transfer of reserves from banks to borrowers
Lending is a creation of new money by the government
Lending is a transfer of spending power from savers to borrowers
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do banks create money according to the discussed theory?
By transferring existing reserves
By increasing interest rates
By printing new currency
By lending and creating deposits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the endogenous expansion of spending power refer to?
The increase in government spending
The growth of private debt
The expansion of international trade
The rise in consumer savings
Similar Resources on Quizizz
2 questions
Moritz Schularick: Credit Booms Gone Bust

Interactive video
•
University
2 questions
Steve Keen: Credit Created Out of Thin Air 3/7

Interactive video
•
University
2 questions
How Conventional Wisdom Failed Us

Interactive video
•
University
6 questions
The Cambridge Conference - Kicking Off the New Institute

Interactive video
•
University
3 questions
Goldman's Himmelberg Says Leveraged Finance Market Is Robust

Interactive video
•
University
2 questions
Do Economists Understand the Economy?

Interactive video
•
University
6 questions
Does Politics Makes Policymakers a Little Keynesian?

Interactive video
•
University
3 questions
Greenspan Warns of Coming Stagflation

Interactive video
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade