Fed's Kaplan Says Businesses Have Low Pricing Power

Fed's Kaplan Says Businesses Have Low Pricing Power

Assessment

Interactive Video

Business

University

Hard

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The video discusses the concept of transitory inflation, highlighting the role of technology and globalization in shaping current economic conditions. It explains how traditional business models are being disrupted by technology-enabled models, affecting pricing power and inflation. The discussion also touches on unemployment rates and the challenges businesses face in passing wage pressures onto consumers due to increased competition and consumer choices.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of Rob Kaplan's definition of transitory inflation?

Permanent technological changes

Global trade policies

Long-term economic growth

Temporary economic factors

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does technology-enabled disruption affect businesses' pricing power?

Increases their ability to set higher prices

Reduces their pricing power

Has no effect on pricing power

Leads to higher inflation rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant factor contributing to the current muted inflation, according to the video?

Increased government spending

Technology-enabled disruption

Rising oil prices

Higher interest rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of industry disruption mentioned in the video?

Traditional banking models

Cable television networks

Local grocery stores

Kodak and Polaroid being replaced by digital technology

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of new business models replacing traditional ones?

Limited consumer choices

Higher operational costs

Cheaper and better value for consumers

Increased reliance on manual labor