What does the speaker suggest about the relationship between unemployment and inflation?
Phelps Says Standard Theory Doesn't Explain Low Inflation

Interactive Video
•
Business, Social Studies, Life Skills
•
University
•
Hard
Quizizz Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Standard economic theories fully explain it.
Human emotions and external factors play a role.
It is solely determined by government policies.
It is irrelevant to economic studies.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the financial crisis affected workers' attitudes towards their jobs?
Workers are more likely to demand higher wages.
Workers are less satisfied with their jobs.
Workers are more content and less demanding of wage increases.
Workers are leaving their jobs more frequently.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason the speaker gives for the lack of inflation despite low unemployment?
Rapid technological advancements.
Increased government spending.
Workers' reduced demand for wage increases.
High levels of foreign investment.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What concerns do firms have that affect their ability to raise wages?
Lack of skilled labor.
Excessive government regulations.
Competition from Europe and slow productivity growth.
High employee turnover rates.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the speaker, what is preventing the expected inflation?
A combination of anxieties among workers and firms.
A sudden increase in consumer spending.
A decrease in global oil prices.
A rise in interest rates.
Similar Resources on Wayground
6 questions
The Government announce the minumum wage will rise by 20 pence in October

Interactive video
•
University
6 questions
El-Erian Says US Can Accommodate 4% Wage Growth

Interactive video
•
University
6 questions
Kasman: Companies Lack Productivity to Boost Wages

Interactive video
•
University
6 questions
Phelps Says Standard Theory Doesn't Explain Low Inflation

Interactive video
•
University
3 questions
JPM's Kasman Sees Potential for 4% Nominal U.S. Wage Growth

Interactive video
•
University
6 questions
JPM's Kasman Sees Potential for 4% Nominal U.S. Wage Growth

Interactive video
•
University
6 questions
CKE Restaurants $580 Minimum Wage Hike Value Loss

Interactive video
•
University
6 questions
Powell Says Fed Doesn't See Any Evidence of U.S. Economy Overheating

Interactive video
•
University
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade