Economic Machine Quiz
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Questions and Answers

What are the three main forces that drive the economy according to the text?

  • Interest rates, Stock market performance, Global trade
  • Supply and demand, Inflation, Unemployment
  • Productivity growth, Short term debt cycle, Long term debt cycle (correct)
  • Government spending, Consumer behavior, Market trends

    • How does the economy work, according to the text?

  • In a simple, mechanical way driven by human nature (correct)
  • In a chaotic, random way with no discernible patterns
  • In a linear, predictable way based on historical data
  • In a complex, unpredictable way influenced by external factors

    • What is the first main force that drives the economy?

  • Human nature
  • Government policies
  • Innovation (correct)
  • Global financial crisis

    • What has the speaker's economic template helped them to anticipate and sidestep?

    <p>Global financial crisis</p> Signup and view all the answers

    What is the second main force that drives the economy?

    <p>Short term debt cycle</p> Signup and view all the answers

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