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Econ 1-7B Limitless (inflation bubbles)Version en ligne
E.5.1 Explain measures of a country's economic performance such as gross domestic product (GDP), unemployment, and inflation. (E)
E.5.3 Identify the different causes of inflation (i.e., cost-push and demand-pull), and explain the impact of inflation on economic decisions. (E)
1
U.S. had a ____ bubble just 8 years after the dot-com bubble. This is because the wanting to be rich clouds our judgment & makes us irrational.
2
The ____ of economics shows us that dot-com bubbles & housing bubbles will not last, but the exuberance & excitement of the moment makes us think the thrill will last forever.
3
2001, investors were irrational & wanted to get rich, so they bought stock in dot-com companies, without asking if the company was successful. In truth, many dot-com companies never ____ a ____ , so they went out of business & investors lost money
4
If we purchase a car, only because we want to sell it to another buyer for ____ ____ than we paid for it, we are creating a bubble. This is what separates a bubble from a profitable opportunity.
5
2001, investors were irrational & wanted to get rich, so they bought stock in dot-com companies, without asking if the company was successful. They ignored traditional ____ like price-earning ratios. The company went under & investors lost money.
6
2017, with so many people buying stock in bitcoin & crypto currencies, it was clear that people wanted to get rich & were aggressively over-expanding. This is a sign of irrational _____ .
7
2001, the internet was more accessible, so lots of people started web-based businesses. They wanted to expand & needed investors. Investors wanted to get rich, so they bought stock in the businesses. But the dot-com boom was a ____ , & it popped.
8
There were 2 possible bubbles in 2017. One was in the stock market. The other was ____ , & other crypto currencies.
9
The roaring 1920s, the dot-com bubble, the housing bubble: The history of economics shows us that a strong & quick ____ in the economy is always followed by a strong & quick ____ .
10
The Limitless movies implies that humans are always overreaching. We are not happy with what we have, we always want more. The desire for more causes ____ exuberance, which causes economic bubbles.
11
2001, the internet was more accessible, so lots of people started web-based businesses. They wanted to expand & needed ____ . [same] wanted to get rich, so they bought stock in the businesses. Stock market soared & the future was bright.
12
In Limitless, The main character warns people against aggressive ____ . He says people are wired to overreach. The irony is that he doesn't follow his own advice. People are given to be exuberant & irrational.
13
The movie Limitless is based on a book from 2001, which marked the end ____ boom. In 1997, the internet became stable & investors discovered ecommerce, that people could buy & sell online. They believed it would be a big deal.
14
The characters in Limitless are a metaphor for bubbles in the economy. “I took the pill too, but I got scared. Because nobody can operate at that level of mental activity & not ____ .” No economy can operate with so much activity & not [same].
15
The main character in Limitless is a metaphor for a bubble in the economy. His mental rise and fall represents a ____ & ____ in the economy.
16
The 2008 housing bubble crashed because home prices dropped & because homeowners ____ on mortgages. This made sense because homeowners owed more to the bank than the actual price of the house.
17
Human capital is why the federal government spends a lot of money on ____ . The government wants citizens to be be smarter and better and more productive.
18
2008 housing bubble was caused by borrowers taking large loans, expecting the value of their homes to keep rising, so they could resell the house for more money & make a ____ ____ .
19
____ ____ is the skill, talent, & knowledge that a workers has, which makes them more productive.
20
The 2008 housing bubble was caused by several people purchasing home they could not ____ . They did this because they expected the value of their homes to keep rising, & they would resell the house for more money.
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