U.S. Consumers Face Shortage Of Goods, Higher Prices

The video discusses the rapid sales of consumer goods and the significant rise in the consumer price index, highlighting inflation concerns. It explains the impact of $6 trillion in government relief and increased demand due to rising vaccinations. While Federal Reserve Chairman Jerome Powell suggests inflation pressures are temporary, concerns persist due to labor shortages and supply chain inefficiencies. The video also explores potential improvements in supply chains post-pandemic.

What was the unexpected rise in the consumer price index from March to April?

• 0.2%

• 1.0%

• 0.5%

• 0.8%

What was one of the main reasons for the increased demand for goods and services?

• Decrease in supply

• Government restrictions

• Rising vaccinations

• Lower consumer confidence

How much relief did the government inject to help Americans and businesses?

• $5 trillion

• $4 trillion

• $6 trillion

• $7 trillion

What is the Federal Reserve's stance on the current inflation pressures?

• They are temporary

• They are negligible

• They are permanent

• They are alarming

What is a concern for businesses across the country related to inflation?

• Lower production costs

• Excessive supply

• Labor shortages

• Decreasing consumer demand