Economist Diane Swonk on Job Report

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Business, Social Studies, Life Skills
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason for the high number of layoffs in January?
Government policy changes
Increased demand during the holiday season
Economic downturns in January
Seasonal hiring in the summer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the $900 billion stimulus affect consumer behavior?
Increased credit and debit card usage
Decreased spending on food
Reduced demand for luxury goods
Increased savings
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factor contributed to the rise in average hourly earnings?
Increase in low-wage jobs
Drop in low-wage jobs
Stable employment rates
Decrease in high-wage jobs
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Federal Reserve's stance on inflation and employment growth?
They aim for zero inflation and stable employment
They prefer low inflation and slow employment growth
They want a hot economy with high inflation
They support some inflation for inclusive employment growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major concern regarding the $1400 stimulus checks?
They will lead to excessive savings
They will cause immediate inflation
They are too small to make an impact
They are not targeted enough
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential long-term impact of not addressing economic scarring?
Permanent job losses and business closures
Rapid economic recovery
Immediate return to pre-pandemic employment levels
Increased government revenue
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is needed to help businesses and workers adapt post-crisis?
Increased taxes
Restorative funds and retraining programs
Immediate reopening of all businesses
More low-wage jobs
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