Economic Catastrophes: Sample Quiz Choose the most correct answer. Either click on a button or enter your answer in the box to the left of the question. When you have answered them all, click the Check-My-Answers button and you will see how well you know this material. 1. Which of the following would be hurt by unexpected inflation? Businesses with large inventories Businesses with large debts Businesses with wages determined by long-term contracts Businesses holding large amounts of financial assets with fixed interest rates 2. When did the Great Depression take place? The 1920s The 1930s The 1940s The 1950s 3. In 1933 the U.S. unemployment rate indicated how many people were unemployed? Two of every three workers One of every two workers One of every four workers One of every eight workers 4. Partial equilibrium analysis assumes that: equilibrium is only partially achieved. one can ignore effects in all markets except the one under study. adjustment problems are more important than any equilibrium that exists. markets can be consolidated by large-scale aggregation. 5. When did the German hyperinflation take place? Shortly before the First World War, from 1909 until 1912 During the First World War, in 1915 and 1916 After the First World War, in 1922 and 1923 After Hitler came to power, from 1934 until 1937 6. If you are retired on a fixed pension, you will be: helped by unexpected deflation and harmed by unexpected inflation. harmed by unexpected deflation and helped by unexpected inflation. helped by both unexpected deflation and unexpected inflation. harmed by both unexpected deflation and unexpected inflation. 7. The shanty towns and camps of unemployed that sprang up in the United States during the Great Depression were called: Cooledgevilles. Hoovervilles. Rooseveltvilles. Johnsonvilles. Choose the most correct answers. Either click the buttons, or enter the answers from the keyboard. Return to Copyright Robert Schenk