Blanchflower on BOE Decision, Inflation, Brexit

Blanchflower on BOE Decision, Inflation, Brexit

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the impact of inflation driven by the FX effect and Brexit on the UK economy. It highlights the economic slowdown, falling real wages, and their political implications, particularly for Theresa May. The discussion extends to Brexit's uncertain future and its political ramifications. Finally, it explores the debate on inflation targeting by central banks, suggesting a potential shift in policy to address structural changes in the economy.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main drivers of inflation discussed in the video?

Rising oil prices

FX effect

Increased government spending

High consumer demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the unexpected consumer behavior after the Bank of England's rate cut in August?

Decreased borrowing

Increased saving

Decreased spending

Increased spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the political events affect Theresa May's popularity according to the video?

Her popularity was unaffected

Her popularity decreased

Her popularity remained stable

Her popularity increased

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential outcome for Brexit as discussed in the video?

A hard Brexit

A no-deal Brexit

A softer Brexit

Brexit will be canceled

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the suggested change to inflation targets discussed in the video?

Keeping the target the same

Eliminating the target

Raising the target

Lowering the target

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economist is mentioned as part of the group advocating for a change in the Fed's inflation target?

Paul Krugman

Joseph Stiglitz

John Maynard Keynes

Milton Friedman

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current inflation target mentioned in the video?

2.5%

2%

1%

3%