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 Quizizz
6 questions
Greenspan Says He Sees 'The First Signs' of Inflation in U.S.

Interactive video
•
University
6 questions
Friedman, Amey on the Possible Impact of Tax Reform

Interactive video
•
University
4 questions
No recession in 2020, says Whittier Trust CIO Sandip Bhagat

Interactive video
•
University
6 questions
Is U.S. Economic Growth Possible Without Immigration?

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

Interactive video
•
University
3 questions
Why Global Wage Growth Remains Weak

Interactive video
•
University
6 questions
Fed's Powell Says Case Remains 'Strong' for Gradual Rate Hikes

Interactive video
•
University
3 questions
Fed's Powell Says Case Remains 'Strong' for Gradual Rate Hikes

Interactive video
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade