Fed's Kaplan Sees 'Muted' GDP With No Government Action

Fed's Kaplan Sees 'Muted' GDP With No Government Action

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses economic trends, focusing on employment, wage growth, and the impact of technology on pricing. It explores the Federal Reserve's approach to interest rate changes and the challenges posed by secular trends like demographics and globalization. The prospects for future GDP growth and inflation are also examined, emphasizing a cautious and gradual policy approach.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the challenges businesses face in passing on cost increases?

Increased labor market slack

Technology-enabled disruption

Higher interest rates

Decreased consumer demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Federal Reserve's approach to removing economic accommodation?

Delayed and cautious

Immediate and comprehensive

Gradual and shallow

Rapid and aggressive

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a secular trend affecting the economy?

Decreasing global trade

Increasing tax rates

Aging demographics

Rising oil prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential impact of a high-pressure economy?

Higher inflation

Increased unemployment

Decreased interest rates

Lower GDP growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Federal Reserve view the balance of risks in monetary policy?

They believe they can afford to be patient

They consider risks to be high

They think risks are balanced

They believe risks are minimal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason the Federal Reserve might remove some accommodation?

To increase employment

To address market expectations

To prevent economic distortions

To decrease inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of low interest rates mentioned in the transcript?

Lower government debt

Higher consumer spending

Asset allocation distortions

Increased savings