Trump Call for One Point Rate Cut Is 'Bonkersville,' Economist Goolsbee Says

Trump Call for One Point Rate Cut Is 'Bonkersville,' Economist Goolsbee Says

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses recent positive economic indicators, including GDP, productivity, and job growth. It raises concerns about the sustainability of these trends and the potential impact of interest rate cuts proposed by President Trump. The discussion also touches on the political implications of economic performance, particularly in the context of the upcoming 2020 election, and advises Democratic candidates on economic policy focus areas.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main concerns mentioned regarding the positive economic indicators?

Discrepancies in survey data and sustainability of GDP growth

High inflation rates and unemployment

Rising interest rates and stock market volatility

Trade deficits and currency devaluation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential risk of cutting interest rates by 100 basis points?

Deflation

Overheating the economy

Increased unemployment

Decreased consumer spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the current economic situation potentially affect the 2020 election?

It historically benefits the incumbent but may not in this case

It ensures a loss for the incumbent

It has no impact on the election

It guarantees a win for the incumbent

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unique dynamic is associated with Trump's presidency in terms of economic performance?

A highly variable base of support

A stable base of support regardless of economic changes

A declining base of support with economic downturns

An increasing base of support with economic growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What key issue should Democratic candidates focus on according to the advice given?

Increasing corporate taxes

Promoting free trade agreements

Ensuring economic prosperity is shared by all

Reducing government spending

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is questioned about the recent tax cuts?

Their impact on small businesses

Whether they were worth the cost

Their effect on international trade

Their influence on technological innovation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What additional issues are highlighted for Democratic candidates to address?

Education and technology

Foreign policy and defense

Healthcare and infrastructure

Climate change and energy