So You Think You Know Austrian Economics? Take the Quiz

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According to Austrian business cycle theory, what causes the boom-and-bust cycle?

Central bank credit expansion that pushes interest rates below the savings-based level
Excessive government budget surpluses
Labor union wage demands
Consumers overspending on credit cards

What is "time preference"?

Austrians hold that the value of a good comes from what source?

Which journalist wrote Economics in One Lesson (1946)?

What name do Austrians give to the general study of purposeful human action?

Which 1944 book by F. A. Hayek argued that central planning leads toward tyranny?

In Hayek's view, what do market prices communicate?

Which Austrian economist wrote the 1949 treatise Human Action?

In the classic Austrian definition, what is inflation?

What is the term for the value of the next-best alternative you give up when you make a choice?

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