Mohamed El-Erian: Inequality Creates Next Big Risk

What is one of the main concerns about inequality discussed in the first section?

• It is primarily a financial problem.

• It is only a problem in developing countries.

• It is a social problem with economic consequences.

• It is a temporary issue.

How did COVID-19 exacerbate wealth inequality?

• By improving access to technology.

• Through Federal Reserve liquidity injections.

• By increasing job opportunities.

• By reducing asset prices.

What is the role of technology in the context of inequality?

• It automatically reduces inequality.

• It only benefits those with financial assets.

• It has no impact on inequality.

• It can widen the gap if access is unequal.

What is a potential economic consequence of increased inequality?

• Secular stagnation.

• Increased economic growth.

• Higher aggregate demand.

• More inclusive growth.

What societal impact is linked to inequality?

• Cultural wars and alienation.

• Increased social cohesion.

• Political stability.

• Cultural harmony.

What is a key solution proposed to address inequality?

• Limiting access to education.

• Focusing solely on economic growth.

• Reducing investment in infrastructure.

• Investing in human and physical infrastructure.

How can education help in reducing inequality?

• By making elite universities less accessible.

• By providing transformational opportunities from an early age.

• By focusing only on higher education.

• By reducing the number of schools.