Labor, Wages Suffer From Stagnant Money: Bhagwati

The transcript discusses economic challenges, emphasizing the need to create demand and avoid protectionism. It highlights the role of international trade in boosting economic demand and references historical economic perspectives. The impact of the Affordable Care Act on Walmart employees is examined, suggesting they are better off post-ACA. The discussion concludes with the effects of global trade on domestic demand and the challenges posed by currency wars.

What is one suggested remedy for economic stagnation according to the first section?

• Cutting government spending

• Increasing protectionism

• Creating more demand

• Reducing international trade

How does the Affordable Care Act aim to benefit workers?

• By reducing taxes

• By providing more job opportunities

• By encouraging healthy individuals to sign up for coverage

• By increasing wages

Why might Walmart employees be considered better off after the ACA?

• They have more job security

• They work fewer hours

• They receive higher wages

• They have more healthcare options

What is a potential benefit of international trade mentioned in the third section?

• It helps maintain demand by lowering the dollar

• It increases domestic currency value

• It eliminates currency wars

• It reduces the need for exports

What challenge is associated with relying on exports for economic demand?

• Increased domestic production costs

• Higher import tariffs

• Currency devaluation

• Global competition for exports