Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What has been the trend of inflation since 1992?
What has been the trend of inflation since 1992?
- It has been fairly low (correct)
- It has been high
- It has been unpredictable
- It has been moderate
What happens to the unemployment rate during a recession?
What happens to the unemployment rate during a recession?
- It decreases
- It remains the same
- It increases (correct)
- It becomes unpredictable
What is the term for a prolonged period of high inflation?
What is the term for a prolonged period of high inflation?
- Hyperinflation (correct)
- Stagflation
- Deflation
- Recession
What is the term for a period of low economic activity?
What is the term for a period of low economic activity?
Signup and view all the answers
What is the term for a situation where inflation and unemployment are high?
What is the term for a situation where inflation and unemployment are high?
Signup and view all the answers
What type of bonds are issued by the government to finance its activities?
What type of bonds are issued by the government to finance its activities?
Signup and view all the answers
What is the term for the study of individual economic units such as households and firms?
What is the term for the study of individual economic units such as households and firms?
Signup and view all the answers
What is the term for the study of the economy as a whole?
What is the term for the study of the economy as a whole?
Signup and view all the answers
What is the term for the management of a country's economy by the government?
What is the term for the management of a country's economy by the government?
Signup and view all the answers
What is the term for the actions of a central bank to control the money supply?
What is the term for the actions of a central bank to control the money supply?
Signup and view all the answers
