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Depression (economics): Quiz

  
  

Question 1: In ________, a depression is a sustained, long-term downturn in economic activity in one or more economies.
MoneyKeynesian economicsHeterodox economicsEconomics

Question 2: In the ________ the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.
United StatesCanadaPhilippinesAlaska

Question 3: The best-known depression was the ________, which affected most national economies in the world throughout the 1930s.
Republican Party (United States)Great DepressionFederal Reserve SystemUnited States

Question 4: Price deflation, ________ and bank failures are also common elements of a depression.
RecessionEconomic historyFinancial crisisBusiness cycle

Question 5: Ukraine, Moldova, Serbia, Central Asia, ________).
Georgia (country)EuropeAzerbaijanCaucasus

Question 6: [10][11] Average standards of living registered a catastrophic fall in the early 1990s in many parts of the former ________ - most notably, in post-Soviet states.
Berlin WallJoseph StalinIron CurtainEastern Bloc

Question 7: [12] Even before Russia's financial crisis of 1998, ________'s GDP was half of what it had been in the early 1990s.
RussiaMoscowUnited StatesRussian culture

Question 8: It is a more severe downturn than a recession, which is seen as part of a normal ________.
Keynesian economicsEconomicsBusiness cycleReal Business Cycle Theory
















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