Double Dip Recession 2000's

23 Questions

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Double Dip Recession 2000

In this quiz today you will be answering question about the double dip recession


Questions and Answers
  • 1. 
    The housing bubble crisis began June 10 2010
    • A. 

      True

    • B. 

      False

  • 2. 
    The united states currently in a double dip recession
    • A. 

      True

    • B. 

      False

  • 3. 
    The united states went through a recession in the early 1980's
    • A. 

      True

    • B. 

      False

  • 4. 
    The united states is the only country to go through a double dip recession
    • A. 

      True

    • B. 

      False

  • 5. 
    When the us went through the double dip recession the unemployment rate rose 
    • A. 

      True

    • B. 

      False

  • 6. 
    The united kingdom went  through a double dip recession
    • A. 

      True

    • B. 

      False

  • 7. 
    This image above shows the housing bubble crisis
    • A. 

      True

    • B. 

      False

  • 8. 
    This is a image of double dip recession
    • A. 

      True

    • B. 

      False

  • 9. 
    Government debt can cause a double dip recession
    • A. 

      True

    • B. 

      False

  • 10. 
    Bailouts are used to help companies from collapsing and going out of business
    • A. 

      True

    • B. 

      False

  • 11. 
    __________ ended the auto industry crisis 
  • 12. 
    The first double dip recession happen in _________
  • 13. 
    [Blank] is a sudden sharp reduction in the availability of money or credit from banks and other lenders 
  • 14. 
     [Blank] is the debt owed by a central government
  • 15. 
    [Blank] designed to stave off a slowdown of the U.S. economy and reduce the cost of borrowing. 
  • 16. 
    What car companies were in the auto industry bailouts 
    • A. 

      GM

    • B. 

      Chrsyler

    • C. 

      Ford

    • D. 

      All of the above

  • 17. 
    Which word goes with these definition Banks, which had been providing an increasing number of mortgages to borrowers with low credit scores, experienced massive loan losses as many of these mortgages went into default 
    • A. 

      Bank bailouts

    • B. 

      Credit crunch

    • C. 

      Double dip recession

    • D. 

      Housing bubble

  • 18. 
    A double dip recession causes
    • A. 

      Unemployment

    • B. 

      A and c

    • C. 

      Decrease in goods and services/products

    • D. 

      Increase in money

  • 19. 
    Which word goes with the definitionA situation where depositors demand larger withdrawals than normal and banks are forced to borrow funds at an elevated interest rate
    • A. 

      Consumer confidence

    • B. 

      Lack of liquidity

    • C. 

      Recession

    • D. 

      Federal reserve cuts interest rates

  • 20. 
    The US went through the a double dip recession in 
    • A. 

      Early 1980's

    • B. 

      1800's

    • C. 

      Mid 2000's

    • D. 

      A and c

  • 21. 
    If obama administration did not end the auto bailouts what would of happen to the us ecomnony? 
  • 22. 
    How did are government overcome the double dip recession of the 2000's 
  • 23. 
     How did the credit crunch and low interest rates contribute to the Double Dip Recession? 
  • 24. 
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