Can Consumers Save the U.S. Economy From Downturn?

Can Consumers Save the U.S. Economy From Downturn?

Assessment

Interactive Video

Business

University

Hard

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The video discusses the US economic buffer against overseas issues, highlighting moderate consumer spending growth. It explores potential risks to consumer spending, such as stock market fluctuations, and the impact of wealth effects on different income groups. The discussion includes future catalysts for spending growth, like falling gasoline prices, and examines the Federal Reserve's rate hike plans amid improving labor market conditions.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered a significant driver of consumer spending according to the first section?

Government policies

Stock market wealth effects

Interest rates

Foreign investments

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which group primarily benefits from increases in wealth, as discussed in the second section?

Upper-income households

Lower-income households

All income groups equally

Middle-income households

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential catalyst for increased consumer spending mentioned in the second section?

Rising interest rates

Higher taxes

Increased government spending

A drop in the jobless rate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might falling gasoline prices impact consumer spending according to the final section?

It will decrease spending for all households

It will boost spending for middle to lower-income households

It will have no impact on consumer spending

It will only affect upper-income households

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key factor influencing the Fed's decision to hike rates, as discussed in the final section?

Labor market conditions

Trade deficits

Inflation rates

Foreign exchange rates