What do Austrians believe about the impact of credit bubbles on the economy?

Understanding Austrian Economics and Credit Bubbles

Interactive Video
•
Business, Economics, Social Studies
•
10th - 12th Grade
•
Hard

Aiden Montgomery
FREE Resource
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6 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They have no impact on the economy.
They cause economic difficulties.
They lead to economic stability.
They create sustainable growth.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the Austrian perspective, what is a consequence of investment expansions dependent on credit?
Decreased consumer spending
Increased employment
Sustainable market conditions
Unsustainable market conditions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do consumer durables fit into the Austrian economic argument?
They are always purchased through savings.
They are irrelevant to the argument.
They can lead to economic adjustments if bought on credit.
They always stabilize the economy.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential issue with buying consumer durables through credit expansion?
It requires no economic adjustment.
It leads to increased savings.
It may necessitate economic adjustments.
It always results in economic growth.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the final section suggest about Hayek's views on recent economic events?
He would be surprised by them.
He had no opinion on them.
He would not be surprised by them.
He predicted them exactly.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the Austrian perspective relate to the housing market according to the final section?
It guarantees growth in the housing market.
It implies potential issues due to credit expansion.
It suggests stability in the housing market.
It has no relation.
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