Early Recession
How long did the recession lasted in Canada? (When)
March 1990- may 1992
What is Brexit
UK leaving the EU
What does "long-term growth" mean in relation to the economy?
Long-term growth is like a plant getting bigger and healthier over time. It's when the economy grows steadily, becoming more prosperous and creating more opportunities for people.
What factors and effects that caused the recession in Canada?
Low production, high inflations, monetary polices, tax increases
First country to receive a bailout during the euro debt crisis
Greece
What was the dot-com bubble of the 2000s?
The dot-com bubble was a time when internet companies' stock prices went way up, then crashed in the early 2000s.
What is inflationary psychology?
When consumers spend more quickly than they would due to belief that prices would rise.
What is the euro debt crisis?
Period of uncertainty in the eurozone that started in 2009
How did technology impact the dot-com bubble?
Technology, especially the internet, was growing really fast, and people thought internet companies would change everything. This made investors put lots of money into these companies, but some of them didn't have solid plans to make money.
What is government role in response to a recession?
Limit the amount of recessions and their time periods, well-managed fiscal policy, increase job opportunities.
Sovereignty, immigration, economic policies
what happened to the economy after the dot-com bubble burst?
After the bubble burst, many investors lost money, and some internet companies went out of business
What is inflationary targeting?
A goal approach to monetary policy where a central bank sets an annual rate for inflation for a country’s economy.
What is the name of the agreement that governs the UK’s withdrawal from EU?
Withdrawal Agreement
How did the economy grow during the dot-com bubble?
The economy grew fast because people were investing a lot in internet companies, but it didn't last long because many of those companies didn't make enough money