Podcast
Questions and Answers
Which aspect of economics will be the focus of the workshop next week?
Which aspect of economics will be the focus of the workshop next week?
- Risk sessions
- Monetary supply
- International economics
- Corporations (correct)
What should one be able to explain well in order to do well in economic debates?
What should one be able to explain well in order to do well in economic debates?
- Basic mechanisms without relying on jargon (correct)
- Fluffy analysis without concrete evidence
- Social justice debates
- Confidence and incentives
What is the main reason why money is valuable in an economy?
What is the main reason why money is valuable in an economy?
- Money is a symbol of power
- Money can be used to purchase goods and services (correct)
- Money has inherent value
- Money is a representation of economic well-being
What are a lot of economic debates about, according to the speaker?
What are a lot of economic debates about, according to the speaker?
Which of the following is a reason why inflation doesn't happen as much now?
Which of the following is a reason why inflation doesn't happen as much now?
What is the definition of deflation?
What is the definition of deflation?
Why is deflation considered bad for the economy?
Why is deflation considered bad for the economy?
Why do companies have to keep lowering prices during deflation?
Why do companies have to keep lowering prices during deflation?
Which of the following is NOT a reason why inflation happens?
Which of the following is NOT a reason why inflation happens?
What is the ideal target for inflation according to central banks?
What is the ideal target for inflation according to central banks?
Why is deflation considered worse than inflation?
Why is deflation considered worse than inflation?
What is the main concern when inflation leads to hyperinflation?
What is the main concern when inflation leads to hyperinflation?
Which action can governments take to prevent a company from failing during a recession?
Which action can governments take to prevent a company from failing during a recession?
What is the difference between a bailout and a bail-in?
What is the difference between a bailout and a bail-in?
Why do governments sometimes choose to bail out companies during a recession?
Why do governments sometimes choose to bail out companies during a recession?
What is the main concern for banks during a recession?
What is the main concern for banks during a recession?
During a recession, economic activity is declining because people are not buying and selling goods. What are some reasons that can cause a recession?
During a recession, economic activity is declining because people are not buying and selling goods. What are some reasons that can cause a recession?
Which of the following is a consequence of losing confidence during a recession?
Which of the following is a consequence of losing confidence during a recession?
What is the impact of deflationary spirals during a recession?
What is the impact of deflationary spirals during a recession?
In terms of economic crisis, what was the motion discussed at KCL Open?
In terms of economic crisis, what was the motion discussed at KCL Open?
What is the main difference between bailouts and bail-ins?
What is the main difference between bailouts and bail-ins?
Why might bail-ins also result in a loss for taxpayers?
Why might bail-ins also result in a loss for taxpayers?
Why might creditors feel invulnerable in the case of bailouts?
Why might creditors feel invulnerable in the case of bailouts?
When are bailouts considered to be more suitable than bail-ins?
When are bailouts considered to be more suitable than bail-ins?
Why are recessions considered bad for the economy?
Why are recessions considered bad for the economy?
What are some reasons that can cause a recession?
What are some reasons that can cause a recession?
What is the main concern for banks during a recession?
What is the main concern for banks during a recession?
What was the motion discussed at KCL Open in terms of economic crisis?
What was the motion discussed at KCL Open in terms of economic crisis?
What is the main reason why companies eventually need to raise prices during inflation?
What is the main reason why companies eventually need to raise prices during inflation?
Why do central banks target inflation at around two percent?
Why do central banks target inflation at around two percent?
What is the main concern when inflation leads to hyperinflation?
What is the main concern when inflation leads to hyperinflation?
Why is deflation considered worse than inflation?
Why is deflation considered worse than inflation?
What is the focus of the workshop next week?
What is the focus of the workshop next week?
According to the speaker, why are economic debates easier to analyze compared to social justice debates?
According to the speaker, why are economic debates easier to analyze compared to social justice debates?
What is the main factor that determines the value of money in an economy?
What is the main factor that determines the value of money in an economy?
What is the observation made by the speaker regarding economic debates about recessions and crises?
What is the observation made by the speaker regarding economic debates about recessions and crises?
Why does inflation lead to shortages of goods?
Why does inflation lead to shortages of goods?
What are two reasons mentioned in the text for why inflation doesn't happen as much now?
What are two reasons mentioned in the text for why inflation doesn't happen as much now?
Why is deflation considered bad for the economy?
Why is deflation considered bad for the economy?
What is one reason mentioned in the text for why deflation becomes cyclical and worsens over time?
What is one reason mentioned in the text for why deflation becomes cyclical and worsens over time?
Which of the following actions can governments take to respond to a recession?
Which of the following actions can governments take to respond to a recession?
What is the difference between a bailout and a bail-in?
What is the difference between a bailout and a bail-in?
Why do governments choose to bail out companies during a recession?
Why do governments choose to bail out companies during a recession?
What is the main concern when people lose confidence in a bank during a recession?
What is the main concern when people lose confidence in a bank during a recession?
What is the main difference between bailouts and bail-ins?
What is the main difference between bailouts and bail-ins?
What is the potential consequence of a bail-in, according to the text?
What is the potential consequence of a bail-in, according to the text?
Why might creditors feel invulnerable in the case of bailouts?
Why might creditors feel invulnerable in the case of bailouts?
When are bailouts considered to be more suitable than bail-ins, according to the text?
When are bailouts considered to be more suitable than bail-ins, according to the text?
