U.S. Retail Sales Slow as Gas Prices Rise

U.S. Retail Sales Slow as Gas Prices Rise

Assessment

Interactive Video

Business, Life Skills

University

Hard

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The video discusses the current state of consumer confidence in the U.S., highlighting concerns about inflation, interest rates, and the impact of the Ukraine war. It compares consumer sentiment data from the University of Michigan with employment data, noting strong labor markets but rising inflation expectations. The discussion also covers the impact of inflation on food, energy, and metal prices, and analyzes recent retail sales data, indicating potential economic concerns. Finally, it addresses economic growth forecasts, suggesting a slowdown in the coming year.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern for consumers according to the Conference Board's survey?

Inflation

Rising unemployment

Decreasing wages

Stable interest rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Conference Board's measure of consumer confidence differ from the University of Michigan's?

It is more aligned with financial markets

It is more aligned with labor markets

It focuses on international trade

It emphasizes technological advancements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT mentioned as a factor contributing to rising prices?

Healthcare

Food

Energy

Metals

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact of rising prices on consumer behavior?

Increased spending

Unchanged spending habits

Stable spending

Decreased spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Conference Board's forecast for economic growth in the coming year?

Above 3%

Stable at 3.5%

Between 2% and 2.5%

Below 1%