Ingles - B1.2 - TED - What causes an economic recession?
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Questions and Answers

What is the cause of recessions?

  • Natural disasters
  • War
  • Negative disruption to the balance between supply and demand (correct)
  • Geopolitical factors

    • What do inflation rates and interest rates reflect?

  • The stock market
  • An economy's relationship between supply and demand (correct)
  • The political climate
  • The value of a country's currency

    • What can fluctuations in inflation and interest rates give us insight into?

  • The weather
  • The health of the economy (correct)
  • The success of a particular company
  • The value of a country's currency

    • What can cause recessions?

    <p>Natural disasters</p> Signup and view all the answers

    Can recessions occur during times of economic prosperity?

    <p>Yes</p> Signup and view all the answers

    Can psychology contribute to a recession?

    <p>Yes</p> Signup and view all the answers

    Can policy designed to prevent recessions contribute to them?

    <p>Yes</p> Signup and view all the answers

    What caused the Bronze recession in Britain?

    <p>The declining value of bronze</p> Signup and view all the answers

    What helped end the Bronze recession in Britain?

    <p>The adoption of iron</p> Signup and view all the answers

    What can each recession provide?

    <p>New data to help anticipate and respond to future recessions more effectively</p> Signup and view all the answers

    Study Notes

    • Recessions occur when there is a negative disruption to the balance between supply and demand.
    • Inflation rates and interest rates reflect an economy's relationship between supply and demand.
    • Fluctuations in inflation and interest rates can give us insight into the health of the economy.
    • Shocks like natural disaster, war, and geopolitical factors can cause recessions.
    • Some recessions occur in times of economic prosperity.
    • Psychology can also contribute to a recession.
    • Policy designed to prevent recessions can contribute to them.
    • The Bronze recession in Britain was caused by the declining value of bronze.
    • The adoption of iron helped end the Bronze recession in Britain.
    • Each recession provides new data to help anticipate and respond to future recessions more effectively.

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