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Can you answer these real Jeopardy questions about the economy?

  • Can you answer these real Jeopardy! clues about the economy?

    Game shows rank among television's most lasting formats, with America's connection to shows like “The Price Is Right” and “Wheel of Fortune” enduring decade after decade. Perhaps no show is as beloved as “Jeopardy!,” however, which has been a TV staple since the mid-1960s. Few shows are as revered as that game show, helmed by adored television personality Alex Trebek and featuring a backward format of providing contestants with the answers first as clues.

    Show contestants work their way through Jeopardy! and Double Jeopardy! rounds, each with six categories comprised of five clues of varying difficulty and prize amounts. Almost every one of those clues and answers can be found catalogued at the fan-created “Jeopardy!” Archive (updated through April 2019), which one industrious writer at Slate downloaded to do some data scraping; he came up with the top 10 most frequently used categories in Jeopardy!, Double Jeopardy!, and Final Jeopardy! rounds: 

    - Jeopardy!: "Stupid Answers," "Nature," "Hodgepodge," "4-Letter Words," "Common Bonds," "Pop Music," "Potent Potables," "Sports," "Food & Drink," "Fruits & Vegetables” 

    - Double Jeopardy!: "Chemistry," "Physics," "Classical Music," "Before & After," "Art," "Opera," "Art & Artists," "Ballet," "Theatre," "Architecture”

    - Final Jeopardy!: "U.S. Presidents," "World Leaders," "Famous Names," "Famous Americans," "Historic Names," "Authors," "State Capitals," "Word Origins," "Business & Industry," "Americana"

    We also conducted a deep dive using the archive to come up with 25 clues related to the economy, business, and money. From Gresham's Law to fiscal cliffs, this quiz spans generations of “Jeopardy!” content and represents the range of difficulty the show is famous for.

    Think you have what it takes? Click through to put your financial knowledge to the test and see if you have the mettle to be a “Jeopardy!” champion like James Holzhauer or Ken Jennings.

    You may also like: Can you answer these real Jeopardy! clues about your state?

  • Clue #1

    A downturn in the U.S. economy from 1836 to 1838 was partly caused by a lack of confidence in this common type of currency.
    - Category: ECONOMICS
    - Value: $800
    - Date episode aired: June 29, 2017

  • Answer #1: Paper currency

    People began using paper currency backed by silver or gold starting in the Massachusetts Bay Colony in the late 1600s. The trend quickly spread throughout fledgling settlements. Values fell as colonists were unable to redeem the paper money for silver or gold. The Continental Congress in 1775 created the first federally standardized currency to fund the Revolutionary War; yet with this money relying on expected future tax revenues, its value was tenuous. With heavy inflation and without actual backing, faith in the currency fell off. By 1836, President Andrew Jackson launched the Free Banking Era of unchartered free banks and state-chartered banks.

  • Clue #2

    From 1947 to 2007 these downturns averaged about a year each; then the U.S. economy encountered a "great" one.
    - Category: IT WILL BE OVER IN A YEAR
    - Value: $1,600
    - Date episode aired: Nov. 15, 2015

  • Answer #2: Recessions

    Recessions—contractions in business cycles—are indicators of slumps in economic activity. By most counts, the United States has weathered 47 recessions in its history. These range from the Panic of 1797, which came about from land speculation, to the dot-com bust in 2001.

  • Clue #3

    Theories that try to explain this steady rise of prices include cost-push and demand-pull.
    - Category: THE ECONOMY
    - Value: $200
    - Date episode aired: Dec. 21, 2011

  • Answer #3: Inflation

    Inflation is represented by a rise in price that coincides with a drop in money's buying power, which most economists believe is directly due to the printing of more money. The inflation rate in the United States is currently 1.9% for the year leading up to March 2019, according to information published April 10, 2019, by the U.S. Department of Labor.

  • Clue #4

    This company has been “helping the world invest better since 1993.”
    - Category: APRIL FOOLERY
    - Value: $1,000
    - Date episode aired: April 15, 2019

  • Answer #4: The Motley Fool

    The Motley Fool was founded in 1993 as a multimedia financial services company. The name was taken from the Shakespeare play “As You Like It.” The Motley Fool offers various personal financial services and advice to investors.

  • Clue #5

    In 2013 this company said it would shrink its store base and focus more on Nook tablets.
    - Category: BUSINESS & FINANCE
    - Value: $800
    - Date episode aired: June 21, 2013

  • Answer #5: Barnes & Noble

    Charles M. Barnes in 1873 opened a book-printing company out of his home in Wheaton, Ill. In 1917, his son took the business to new levels by opening a bookstore in New York City called Arthur Hinds and Co. Leonard Riggio came along and bought the company in 1971, changed its name to Barnes & Noble, and turned it into a behemoth the ruled the industry for decades before buckling under the weight of online retailers like Amazon.