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WorksheetsTedEd Recision Review
Total questions: 21
Worksheet time: 11mins
What caused the Bronze recession in Britain to end?
Adoption of iron revolutionizing farming and food production
Increase in interest rates
Printing more money by the government
Fear of recession becoming a self-fulfilling prophecy
What is the main factor that leads to a recession?
Negative disruption in the balance between supply and demand
High inflation rates
Low interest rates
Geopolitical factors
What can high inflation rates without high demand lead to?
Decrease in interest rates
Problems for an economy and eventually a recession
Increased economic activity
Stable economic growth
What can happen if people become too reliant on cheap debt and government stimulus?
Increase in inflation rates
Stable market conditions
Economic prosperity
A recession
What can fluctuations in inflation and interest rates give insight into?
Technological advancements
The health of the economy
Social media trends
Global warming
What can a mismatch between supply and demand lead to?
High interest rates
Stable market conditions
Increased economic activity
An economic decline
What can a low inflation rate encourage?
Increase in interest rates
Decrease in demand
High inflation rates
Economic activity
What can high interest rates do to economic activity?
Have no impact
Increase it
Slow it down
Stabilize it
What can a fear of recession becoming a self-fulfilling prophecy cause people to do?
Pull back investing and spending
Increase investing and spending
Print more money
Ignore the situation
What can natural disasters like earthquakes do to the economy?
Destroy infrastructure and increase prices
Stabilize the economy
Boost economic growth
Lower interest rates
In a recession, uncertainty about employment can deter spending. Which of the following is a synonym for “deter?”
Discourage
Enable
Facilitate
Permit
If a company lays off half of its employees during a recession, what can you reasonably conclude?
The employees were bad at their job
Another company wanted to higher the employees
The company couldn't afford to pay the employees
The employees were overqualified for their jobs
Based on the graph, in which of these years would you have had the toughest time finding work?
2001
2004
2007
2010
Which of these people is most likely to be a consumer, but not a producer?
Preschooler
High schooler
College student
Teacher
In most US states, laid-off workers are eligible for 26 weeks of unemployment insurance. During recessions, that period is often extended to influence the behavior of:
Consumers
Manufacturers
The stock market
Retailers
The statement "recessions are a normal part of the business cycle" supports which of the following arguments?
Recessions are especially hard on regular citizens
Recessions are triggered by a drop in spending
Recessions are not permanent
Recessions are less severe than depressions
Which of the following typically rises during a recession?
Unemployment
Average income
Production
Stock prices
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If recessions spread like a sickness, unemployment insurance is most like:
A sick day
A thermometer
A cough
Medicine
calling in sick on a summative day
Inflation is...
A measure of price change
An increase in the rate of price increase
An increase in general price levels
A decrease in general price level
Criterion A
A decrease in general price level is called...
Hyperinflation
Low inflation
Deflation
Disinflation
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During a recession, inflation is likely to be..
High
Low
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