Week 1

Question 1

The “Great Recession”

Answer 1

2008-14

Question 2

Monetary Base Explosion since

Answer 2

2008

Question 3

National Debt explosion since

Answer 3

2008

Question 4

The “Great Inflation”

Answer 4

1967-84

Question 5

Great Inflation Aftermath

Answer 5

1980s

Question 6

The “Great Depression”

Answer 6

1929-41

Question 7

Between 2000 and 2006, the Case-Shiller index of US home prices changed approximately

Answer 7

doubled -> +100%

Question 8

Which of the following US recessionary periods was worst, in terms of peak unemployment rate?

Question 3 options:

A 1957-58

B 1973-75

C 1981-82

D 2001-04

E 2008-14

Answer 8

C 1981-82 @10.8%

1932- was peak unemployment @23%

Question 9

Which of the following US recessions was the worst, in terms of decline in real GDP?

A 1944-47

B 1957-58

C 1973-75

D 1981-82

E 2007-09

Answer 9

A 1944-47

Question 10

Which of the following periods was the worst, in terms of cumulative bank failures?

A 1969-73

B 1976-80

C 1982-92

D 1998-2005

E 2008-14

Answer 10

C 1982-92

Question 11

Between 2008 and 2021, the US Monetary Base increased approximately

A 20%

B 40%

C 100%

D 300%

E 600%

Answer 11

E 600%

Question 12

The US Total Public Debt lies in which range, as a percentage of GDP?

A Less than 30%

B 30-60%

C 60-100%

D 100-150%

E Greater than 150%

Answer 12

D 100-150%