The Economic Machine
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Questions and Answers

What are the three main forces that drive the economy?

  • Number 1: Productivity growth, Number 2: The Short term debt cycle, Number 3: The Long term debt cycle (correct)
  • Number 1: Supply and Demand, Number 2: Interest Rates, Number 3: Consumer Spending
  • Number 1: Inflation, Number 2: The Stock Market, Number 3: Government Policies
  • Number 1: Unemployment, Number 2: Fiscal Policy, Number 3: Monetary Policy

What does the author feel a deep sense of responsibility to do?

  • To teach people about the complexities of the economy
  • To explain how the global financial crisis occurred
  • To share his simple but practical economic template (correct)
  • To share his personal economic experiences

What has the author's economic template helped him to do?

  • Anticipate and sidestep the global financial crisis (correct)
  • Understand the complexities of the economy
  • Avoid economic suffering
  • Predict the future of the global financial crisis

What drives the economy's transactions?

<p>Human nature (B)</p> Signup and view all the answers

How does the economy work according to the text?

<p>Through a simple, mechanical process (C)</p> Signup and view all the answers

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