Welcome to Who Wants to be a Millionaire 15

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50:50
Welcome to
Who Wants to
be a Millionaire
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Another
Presentation
© 2000 - All rights Reserved
[email protected]
© Mark E. Damon - All Rights Reserved
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
What are the phases
of the business cycle?
C:
Recovery, Peak, Recession, Trough
50:50
A:
C:
Recovery, Peak, Recession,
Recovery, Peak, Recession, Trough
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B:
Peak, Valley, Rise, Depression
D:
Valley, Rise, Trough
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
What happens to
employment during a
recession?
A: Decreases
50:50
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A: Decreases
B: Increases
C: Nothing
D: Collapses
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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3
2
1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
What could cause a
recession?
Low spending, lay offs, and natural disasters
50:50
A: low prices, lay offs
C:
Natural disasters and high
employment
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: Low spending
D:
Low spending, lay offs, and natural disasters
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Which one of these
doesn’t increase during a
recovery cycle?
A: Unemployment
50:50
A: Unemployment
C: Government Spending
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: Inflation
D: Consumer Spending
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
What would
production be like
during a peak?
C: Increased
50:50
A: Decreased
C: Increased
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: No change
D: Rapidly Changing
© Mark E. Damon - All Rights Reserved
the $1,000
Milestone!
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Consumer spending +
investment spending +
government spending + net
export + spending equals?
B: Aggregate Demand
50:50
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
A: Monetary Policy
B: Aggregate Demand
C: Nominal GDP
D: Aggregate Supply
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
New employment
generates income, which
can generate?
B: New Spending
50:50
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A: Large Savings Accounts
B: New Spending
C: New policies
D: Nothing
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
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3
2
1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
If interest rates are at the
highest, which part of the
business cycle would we
be in?
D: Peak
50:50
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A: Slump
B: Depression
C: Recovery
D: Peak
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
15
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3
2
1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Decreased spending
is directly related to
?
C: Rising Prices
50:50
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A: Unemployment
B: No money
C: Rising Prices
D: Recession
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
15
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5
4
3
2
1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Layoffs, and declining
employment leads to ?
D: Lower income Levels
50:50
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
A: Higher income levels
B: Nothing
C: More Government Spending
D: Lower income Levels
© Mark E. Damon - All Rights Reserved
the $32,000
Milestone!
© Mark E. Damon - All Rights Reserved
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2
1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
What is the cyclical
fluctuation in the level
of economic activity
called?
A: The Business Cycle
50:50
A: The Business Cycle
C: Fiscal Policy
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: Cyclical Fluctuation
D: Inflation
© Mark E. Damon - All Rights Reserved
15
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Why are economists
interested in
business cycles?
B: How the economy is Influenced…
and Answer D
50:50
A: To measure the economy
C: To know when to implement
policies
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
B: How the economy is Influenced
D:
Because it’s their job
© Mark E. Damon - All Rights Reserved
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1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
If the lowest point of real
GDP is reduced, and
there are high levels of
unemployment, what
business phase is it?
C: Trough
50:50
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
A: Peak
B: Gap
C: Trough
D: None of the above
© Mark E. Damon - All Rights Reserved
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2
1
$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
“Inventory investment
instability major cause of
total investment fluctuations”
This belongs to which
theory?
D:
Volatile Investment Theory
50:50
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
A: Investment Theory
B:
Business Investment Theory
C:
D:
Volatile Investment Theory
Stable Investment Theory
© Mark E. Damon - All Rights Reserved
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
© Mark E. Damon - All Rights Reserved
Joseph Schumpeter, an
Austrian economist at
Harvard, came up with
which theory?
A: Innovations Theory
50:50
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$1 Million
$500,000
$250,000
$125,000
$64,000
$32,000
$16,000
$8,000
$4,000
$2,000
$1,000
$500
$300
$200
$100
A: Innovations Theory
B: Schumpeter Theory
C: The Monetary Theory
D:
The Multiplier-Accelerator Theory
© Mark E. Damon - All Rights Reserved
YOU WIN $1
MILLION DOLLARS!
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