Phelps dice que teoría estándar no explica la baja inflación

Phelps dice que teoría estándar no explica la baja inflación

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

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The video explores the puzzling economic situation where low unemployment rates are not leading to expected inflation. It suggests that workers, still affected by the financial crisis, are less likely to demand wage increases. Additionally, firms are hesitant to raise wages due to concerns about competition and slow productivity growth. These factors contribute to the absence of inflation despite high demand.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker suggest is necessary to understand the lack of inflation despite low unemployment?

Relying solely on standard economic theory

Ignoring human emotions and external factors

Exploring beyond traditional economic theories

Focusing only on unemployment data

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might workers be less inclined to demand wage increases according to the speaker?

They expect inflation to rise soon

They fear losing their jobs due to the financial crisis

They have received significant bonuses

They are satisfied with their current wages

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the speaker describe the current job market's impact on workers' wage demands?

It has made workers more aggressive in their demands

It has led to a decrease in job satisfaction

It has made workers more grateful and less demanding

It has caused workers to frequently change jobs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason the speaker gives for firms' hesitation to raise wages?

Rapid technological advancements

Increased competition from Europe

Excessive government regulations

High employee turnover rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker imply about the relationship between productivity growth and wage increases?

Productivity growth has no impact on wages

Slow productivity growth limits wage increases

Wage increases are independent of productivity

High productivity growth discourages wage increases