In Review: The Business News of 2021

The video reviews major economic events of the year, highlighting the pandemic's impact on the US economy. It covers the GameStop stock surge, supply chain crisis, inflation, the Great Resignation, and the rise of cryptocurrencies. Each event is linked to the pandemic, with expectations of continued volatility due to the Omicron variant.

What was the significance of the GameStop stock surge in early 2021?

• It led to the collapse of the stock market.

• It resulted in a new government policy.

• It marked the end of the pandemic.

• It was a collective pushback against major Wall Street firms.

What was a major cause of the supply chain crisis in 2021?

• Increased consumer demand

• Factory shutdowns due to COVID outbreaks

• Technological advancements

• New trade agreements

How did the supply chain crisis affect inflation in 2021?

• It stabilized inflation rates.

• It contributed to a significant rise in inflation.

• It had no impact on inflation.

• It caused inflation to decrease.

What was a key trend in the job market during the Great Resignation?

• Increased job security

• Massive layoffs

• Millions of Americans quitting their jobs

• A decrease in job openings

What was a notable trend in decentralized finance in 2021?

• Bitcoin reaching a new record high

• The collapse of digital currencies

• Increased regulation of cryptocurrencies

• A decline in cryptocurrency investments