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Questions and Answers
What is the cause of recessions?
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?
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?
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?
What can cause recessions?
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Can recessions occur during times of economic prosperity?
Can recessions occur during times of economic prosperity?
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Can psychology contribute to a recession?
Can psychology contribute to a recession?
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Can policy designed to prevent recessions contribute to them?
Can policy designed to prevent recessions contribute to them?
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What caused the Bronze recession in Britain?
What caused the Bronze recession in Britain?
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What helped end the Bronze recession in Britain?
What helped end the Bronze recession in Britain?
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What can each recession provide?
What can each recession provide?
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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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