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Teams
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seesaw
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gold
Win 50 points!
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gift
Win 20 points!
Okay!
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baam
Lose 25 points!
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eraser
Reset score!
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star
Double points!
Okay!
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shark
Other team loses 25 points!
Okay!
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lifesaver
Give 25 points!
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10
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True or false: A fiscal adjustment means increasing debt.
False (fiscal adjustment = reducing debt/deficits, not increasing them)
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15
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A period of economic decline, usually defined as two consecutive quarters of falling GDP.
recession
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banana
Go to last place!
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fairy
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25
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rocket
Go to first place!
Okay!
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thief
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15
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True or false: Core inflation includes food and energy prices.
False (core inflation excludes food and energy)
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20
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Why do governments worry about indebtedness?
Because too much debt can limit future spending and cause crises.
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10
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Define "pension'
Regular payments made to retired people, usually funded by employers, governments, or workersâ contributions.
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15
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Define "inflation target"
The specific rate of inflation that a central bank aims to maintain for price stability.
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15
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Define "interest rates"
The cost of borrowing money, expressed as a percentage of the amount borrowed.
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10
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Define "GDP"
Gross Domestic Product â the total value of all goods and services produced in a country in a given period.
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15
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The state of owing money; the level of debt held by an individual, business, or country.
indebtedness
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15
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Define "rate cuts"
Instances when a central bank lowers interest rates.
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15
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Define "cause a recession"
To trigger a period of economic decline marked by falling output, rising unemployment, and reduced spending.
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15
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assets
Anything valuable that is owned, such as property, stocks, or bonds.
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eraser
Reset score!
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gift
Win 20 points!
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fairy
Take points!
5
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20
25
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banana
Go to last place!
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