Other questions in this quiz

2. Which of the following is a cause of Inflation?

  • Cheaper borrowing or tax cuts, leads to higher prices and wages.
  • Reduced costs of raw materials.
  • Equal supply to demand.
  • Civil unrest.

3. Which of the following is an effect of lowering Interest rates?

  • More expensive loans, meaning larger projects discouraged.
  • Improves external value of currency.
  • Cheaper borrowing, meaning less incentive to save.
  • Expensive borrowing, meaning more incentive to save.

4. Deflation can be due to:

  • Hyperinflation.
  • Increased competition, Technological Advancements, Demand outweighing Supply.
  • Increased competition, Technological Advancements, Supply outweighing Demand.
  • High economy growth.

5. The Great Depression resulted in how many citizens jobless?

  • 13 Million
  • 15 Million
  • 14 Million
  • 20 Million


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