What is the main difference between the current economic situation and the aftermath of the financial crisis?
Paul Krugman on U.S. Recovery, Global Policy Response

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The financial crisis did not require any policy intervention.
The current situation requires more stimulus.
The current situation is expected to have a slow recovery.
The financial crisis had a fundamentally unbalanced economy.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the Cares Act impact household incomes during the pandemic?
It had no effect on household incomes.
It surprisingly increased household incomes.
It only benefited large businesses.
It decreased household incomes significantly.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a surprising outcome of the economic measures taken during the pandemic?
A decrease in consumer demand.
An increase in unemployment rates.
A buoyant demand for some consumer companies.
A collapse in the stock market.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major concern if the virus containment phase is prolonged?
A secondary round of layoffs.
Increased stock market volatility.
A rise in consumer demand.
An increase in government spending.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of automatic stabilizers in economic policy?
To stabilize the stock market.
To reduce the need for legislative votes during downturns.
To increase government debt automatically.
To eliminate unemployment benefits.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has Germany's approach to fiscal policy changed in response to the crisis?
Germany has reduced its social solidarity.
Germany has become more conservative with spending.
Germany has adopted a more progressive fiscal policy.
Germany has focused solely on monetary policy.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential benefit of implementing automatic stabilizers?
Reduced need for emergency legislation.
Higher unemployment rates.
Decreased government aid.
Increased political gridlock.
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