Wheres My Raise? Wages Lag as Economy Builds Jobs

Wheres My Raise? Wages Lag as Economy Builds Jobs

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

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The video discusses the paradox of job creation and falling wages, exploring supply and demand dynamics, labor force participation, and historical wage trends. It highlights the Federal Reserve's dilemma in deciding interest rates amidst debates on full employment and inflation. Upcoming economic indicators and insights from the Fed are anticipated.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the economic paradox discussed in the first section?

High job creation with falling wages

Low job creation with falling wages

High job creation with rising wages

Low job creation with rising wages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Janet Yellen, what indicates it's time to raise interest rates?

A decrease in unemployment

An increase in wages

A decrease in job creation

An increase in labor force participation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current challenge with the labor force participation rate?

It is increasing rapidly

It is decreasing

It is stable

It is fluctuating

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main debate among economists regarding the Federal Reserve's actions?

Whether to increase job creation

Whether to stabilize wages

Whether to decrease inflation

Whether the economy is close to full employment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical unemployment rate is mentioned as having no inflation?

4.2%

5.9%

5.5%

3.8%