Mnuchin Expects U.S. to Emerge From Recession by End of Year

The video discusses the National Bureau of Economic Research's role in determining recessions and the impact of the economic shutdown on jobs. It emphasizes the importance of focusing on recovery efforts, particularly for small businesses and workers. The speaker highlights the positive effects of the Paycheck Protection Program (PPP) and anticipates a strong economic rebound in the third quarter despite a challenging second quarter.

What organization is responsible for officially determining when a recession occurs?

• World Bank

• National Bureau of Economic Research

• Federal Reserve

• International Monetary Fund

According to the speaker, what is the main focus instead of the technical definition of a recession?

• Balancing the federal budget

• Supporting small businesses and workers

• Increasing GDP

• Reducing inflation

How many people were put back to work according to the recent employment numbers mentioned?

• Two and a half million

• Five million

• Eight million

• One million

What program does the speaker credit for the positive employment numbers?

• Unemployment Benefits Extension

• Small Business Loan Initiative

• Paycheck Protection Program (PPP)

• Federal Reserve Stimulus

What does the speaker predict for the economy in the third quarter?

• Continued decline

• Stagnation

• Spectacular rebound

• Slow recovery