Trivia questions and answers, drawn fresh from the well

• Easy Easy difficulty.
• Inflation And Recession

Which U.S. investment bank filed for bankruptcy on September 15, 2008, intensifying the global financial crisis?

Answer

Lehman Brothers

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• Hard Hard difficulty.
• Inflation And Recession

What was the highest annual inflation rate recorded in modern Zimbabwe during its 2008 hyperinflation?

Answer

89.7 sextillion percent

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• Easy Easy difficulty.
• Inflation And Recession

According to the NBER, when did the U.S. Great Recession begin?

Answer

December 2007

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• Hard Hard difficulty.
• Inflation And Recession

Which 1992 agreement created the legal framework for the European Union and planned a single European currency?

Answer

Maastricht Treaty

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• Easy Easy difficulty.
• Inflation And Recession

What economic term describes a sustained fall in the general price level across an economy?

Answer

Deflation

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• Intermediate Intermediate difficulty.
• Inflation And Recession

Which economist coined the term “secular stagnation” in a 1938 speech about prolonged economic weakness?

Answer

Alvin Hansen

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• Intermediate Intermediate difficulty.
• Inflation And Recession

Which economist proposed the curve linking unemployment and wage inflation in a 1958 study of the United Kingdom?

Answer

A. W. Phillips

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• Easy Easy difficulty.
• Inflation And Recession

Which U.S. government index measures average changes in prices paid by urban consumers for a basket of goods and services?

Answer

Consumer Price Index

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• Easy Easy difficulty.
• Inflation And Recession

Which U.S. Federal Reserve chair became famous for raising interest rates to defeat the inflation of the early 1980s?

Answer

Paul Volcker

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• Easy Easy difficulty.
• Inflation And Recession

What 1929 event marked the beginning of the severe U.S. downturn that became the Great Depression?

Answer

Wall Street Crash of 1929

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• Hard Hard difficulty.
• Business Terminology

In accounting, what method records inventory at the lower of its original cost or net realizable value?

Answer

Lower of cost and net realizable value

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• Intermediate Intermediate difficulty.
• Business Terminology

In business management, what principle says roughly 80% of results often come from 20% of causes?

Answer

Pareto principle

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