Bet recession is one word you're getting a little sick of hearing -- especially if you have any money in the markets. But sick of it or not, it's still good to know what's what where your wallet is concerned. So put your money where your mouth is, and take this quiz to find out how much you know about recessions.
Question 1 of 10
Let's refresh on the basics real fast. What's the common definition of a recession? A country is in a recession when the nation's economy:
Question 2 of 10
In an economy, can a person be both a producer and a consumer?
Question 3 of 10
So if we're all producers and consumers -- who gets to set the prices?
Question 4 of 10
What's the main factor that causes an economy to launch into a recession?
Question 5 of 10
Is there an economic pattern for recessions and subsequent periods of expansion?
Question 6 of 10
Who's the official word on recession in the United States?
Question 7 of 10
So how exactly does a country get out of a recession?
Question 8 of 10
What do fiscal policies include?
Question 9 of 10
How about monetary policy -- what's going on there?
Question 10 of 10