Current Events
Who’s the current Chairman of the Fed?
Powell
This city has the Hang Seng Index as its flagship benchmark
Hong Kong
System of private ownership controlling production
Capitalism
The global economic recession which started after the 1929 stock market crash
The Great Depression
A production method focusing on a limited number of goods to increase efficiency
Specialization
Recently, the Federal Reserve took this action to stimulate the economy and plans to take it two more times in 2025
Interest Rate Cuts
What countries are referred to in the term BRICS?
Brazil, Russia, India, China, South Africa
A system of economics based on common ownership of the means of production
Socialism
Organization formed in 1960 made up of 12 major oil exporters
OPEC
High inflation and high unemployment at the same time
Stagflation
The name of the city cluster/region in Southern China which focuses on innovation/tech
Greater Bay Area
Who was the Chairman of the Fed before Yellen
Bernanke
The term created by Adam Smith for the unseeable forces that move a market economy
Invisible Hand
The financial crisis that occured in 1997-1998 originating in Thailand.
The Asian Financial Crisis
An economy’s ability to produce a good/service at a lower opportunity cost compared to its trading partners
Comparative Advantage
A financial regulatory policy released by China in 2020 setting guidelines for the banks to limit debt levels
Three Red Lines
The name of stock market rallies that occur during the last five days of December and the first two days of January
Santa Claus Rally
Theory emphasizing the increase in aggregate supply as the primary source of economic growth
Supply Side Economics/Reaganomics
The country which contained the first stock market
Netherlands
The type of inflation that occurs when the demand for goods and services exceeds the supply.
Demand-pull Inflation
Resources/tools used in the production of goods or services
Capital