Johnny Cash This Thing

Johnny Cash This Thing

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

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The video discusses various economic topics, including fiscal and monetary issues, job figures, and wages. It highlights the importance of productivity in understanding wage growth and inflation. The discussion also covers core inflation, goods prices, and the Federal Reserve's strategies to manage the economy without triggering a recession. Additionally, it explores regional economic variability, focusing on the Chicago Fed district and its manufacturing intensity.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the job figure reported in the video compared to the expected number?

200,000 compared to 187,000

187,000 compared to 200,000

200,000 compared to 150,000

150,000 compared to 200,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does strong productivity growth affect wage growth and inflation?

It leads to higher inflation regardless of wage growth

It allows wage growth without causing inflation

It decreases wage growth and increases inflation

It has no impact on wage growth or inflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the relationship between wages and price inflation according to the video?

Wages immediately reflect changes in price inflation

Wages are a backward-looking indicator of price inflation

Wages and price inflation are unrelated

Wages are a leading indicator of price inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component of core inflation was noted for its persistence in the video?

Housing inflation

Services inflation

Energy inflation

Goods inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge does the Federal Reserve face according to the video?

Maintaining current price levels

Increasing prices without causing a recession

Increasing wages without affecting inflation

Reducing prices without causing a recession

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which region is described as having a low unemployment rate in the video?

Flint, Michigan

Chicago, Illinois

Des Moines, Iowa

Elkhart, Indiana

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was unusual about the current business cycle as mentioned in the video?

Manufacturing was more affected than services

Services were less affected than manufacturing

Manufacturing was less affected than services

Both manufacturing and services were equally affected