Gordon Brown Credit Crunch Interview

Gordon Brown Credit Crunch Interview

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses measures to stabilize the housing market and economy amid a global credit crunch. It highlights discussions with the Bank of England and Treasury, interest rate cuts, and public expenditure to boost confidence. The focus is on preventing issues seen in the US, like foreclosures and unemployment, from affecting Britain. The speaker emphasizes the importance of long-term decisions, maintaining low inflation, and supporting jobs and businesses. The transcript also addresses criticisms of economic management and stresses the need for vigilance and learning from past challenges.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main goals of the measures being discussed in the first section?

To increase public spending on infrastructure

To prevent a crisis similar to the one in America

To raise interest rates

To reduce government debt

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the government's approach to supporting the housing market as mentioned in the second section?

Increasing taxes on home sales

Reducing public expenditures

Underpinning the market with greater confidence

Encouraging foreign investments

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the second section, what is a key factor in steering the economy through difficult times?

Maintaining high inflation

Cutting public services

Raising interest rates

Making long-term decisions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the speaker respond to criticisms about the handling of the British economy over the past decade?

By promising to step down

By highlighting low inflation and interest rate cuts

By agreeing with the criticisms

By ignoring the criticisms

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is emphasized as important for the government to do in response to economic challenges?

Always be vigilant and learn

Ignore public opinion

Focus solely on short-term gains

Be complacent