Riddle: Riddle on economic policies


Riddle on economic policiesOnline version Uncover clues from Economy by Sarah Deo 1 I am raised to slow inflation. I discourage borrowing and spending. But I may increase unemployment. Hints 1 I am controlled by the central bank 2 I affects loans and mortgages 3 I move in percentages 2 I make the economy produce more without increasing demand. I work slowly but permanently. I shift a curve you cannot see in the short run. Hints 1 I affect skills and efficiency 2 I move LRAS 3 Training and education are examples 3 Prices still rise but people feel relief. Inflation exists but panic disappears. Hints 1 Not deflation 2 Inflation rate falls 3 Prices still increasing 4 Workers are already busy. Machines run day and night. Government spending rises and only prices react. Hints 1 Vertical LRAS 2 Demand-pull inflation 5 The government cuts taxes to stimulate growth. The central bank raises interest rates to control inflation. The economy hesitates. Hints 1 Fiscal vs monetary 2 AD pushed both directions 3 Uncertain outcome 6 Factories are quiet. Shops are empty. The government spends more, but prices barely move. Hints 1 Output gap exists 2 AD increase raises output not prices 3 Economy below full employment 7 Nothing changed in demand. But prices rose and output fell. Hints 1 SRAS shifts left 2 Production costs rise 3 Oil prices typical cause 8 Some people receive payments almost equal to what they could earn from working. Jobs are available, yet many choose not to take them. Hints 1 Affects the labour market 2 Unemployment continues even when jobs exist 3 Benefits are close to wages 9 The government raises my price, not mainly to earn money, but to change behaviour. People still buy me, just less than before. Hints 1 Used on cigarettes, alcohol, sugary drinks 2 Aims to reduce negative externalities 3 Price increases through taxation 10 I reduce government revenue, but I am illegal. I happen when people hide income instead of reporting it. Hints 1 Different from tax avoidance 2 Involves breaking the law 3 Government cannot collect what is owed

1

I am raised to slow inflation. I discourage borrowing and spending. But I may increase unemployment.

Hints

1

I am controlled by the central bank

2

I affects loans and mortgages

3

I move in percentages

2

I make the economy produce more without increasing demand. I work slowly but permanently. I shift a curve you cannot see in the short run.

Hints

1

I affect skills and efficiency

2

I move LRAS

3

Training and education are examples

3

Prices still rise but people feel relief. Inflation exists but panic disappears.

Hints

1

Not deflation

2

Inflation rate falls

3

Prices still increasing

4

Workers are already busy. Machines run day and night. Government spending rises and only prices react.

Hints

1

Vertical LRAS

2

Demand-pull inflation

5

The government cuts taxes to stimulate growth. The central bank raises interest rates to control inflation. The economy hesitates.

Hints

1

Fiscal vs monetary

2

AD pushed both directions

3

Uncertain outcome

6

Factories are quiet. Shops are empty. The government spends more, but prices barely move.

Hints

1

Output gap exists

2

AD increase raises output not prices

3

Economy below full employment

7

Nothing changed in demand. But prices rose and output fell.

Hints

1

SRAS shifts left

2

Production costs rise

3

Oil prices typical cause

8

Some people receive payments almost equal to what they could earn from working. Jobs are available, yet many choose not to take them.

Hints

1

Affects the labour market

2

Unemployment continues even when jobs exist

3

Benefits are close to wages

9

The government raises my price, not mainly to earn money, but to change behaviour. People still buy me, just less than before.

Hints

1

Used on cigarettes, alcohol, sugary drinks

2

Aims to reduce negative externalities

3

Price increases through taxation

10

I reduce government revenue, but I am illegal. I happen when people hide income instead of reporting it.

Hints

1

Different from tax avoidance

2

Involves breaking the law

3

Government cannot collect what is owed

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Riddle on economic policies

Riddle

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Riddle on economic policiesOnline version

by Sarah Deo

I am raised to slow inflation. I discourage borrowing and spending. But I may increase unemployment.

Hints

I make the economy produce more without increasing demand. I work slowly but permanently. I shift a curve you cannot see in the short run.

Hints

Prices still rise but people feel relief. Inflation exists but panic disappears.

Hints

Workers are already busy. Machines run day and night. Government spending rises and only prices react.

Hints

The government cuts taxes to stimulate growth. The central bank raises interest rates to control inflation. The economy hesitates.

Hints

Factories are quiet. Shops are empty. The government spends more, but prices barely move.

Hints

Nothing changed in demand. But prices rose and output fell.

Hints

Some people receive payments almost equal to what they could earn from working. Jobs are available, yet many choose not to take them.

Hints

The government raises my price, not mainly to earn money, but to change behaviour. People still buy me, just less than before.

Hints

I reduce government revenue, but I am illegal. I happen when people hide income instead of reporting it.

Hints

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