Economic Impact of the Ukraine Invasion

What was the primary reason for Russia's interest rate hikes?

• To boost economic growth

• To counter the plummeting value of the ruble

• To align with global interest rate trends

• To increase consumer spending

How does Russia's planned defense spending for next year compare to its GDP?

• 8% of GDP

• 5% of GDP

• 12% of GDP

• 10% of GDP

What was a key difference between the wartime economies of the Allies in WWII and Russia's current situation?

• The Allies kept interest rates low

• The Allies had no budget deficits

• The Allies had higher inflation rates

• The Allies relied on foreign imports

What unconventional indicator suggests a hot job market in Russia?

• High unemployment rates

• Increasing foreign investments

• Conscripting prisoners and hiring foreign soldiers

• Decreasing defense spending

What economic factor is projected to slow sharply in Russia next year?

• Defense spending

• Unemployment

• Economic growth

• Inflation