Goolsbee: Growth to Be Around 2% for Next 12-24 Months

Goolsbee: Growth to Be Around 2% for Next 12-24 Months

Assessment

Interactive Video

Business

University

Hard

Created by

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The video discusses the challenges in economic forecasting, highlighting the broken models that rely on consumer spending and housing investment for growth. It suggests a shift towards export-led and innovation-driven growth. Historical precedents show slow recovery post-crisis, and the Federal Reserve's cautious approach to rate increases is examined. The US economy needs to adapt to sustainable growth models amidst global uncertainties.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected growth rate for the next 24 months according to the video?

3% growth

2% growth

1% growth

5% growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which economic model is suggested to lead US recovery?

Government stimulus packages

Export-led and innovation-driven growth

Residential housing investment

Increased consumer spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common characteristic of economic recovery after financial crises?

High inflation

Immediate normalization

Slow recovery

Rapid growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Fed's reaction function affect its interest rate decisions?

It results in a cautious approach with delayed rate changes

It leads to immediate rate hikes

It causes frequent rate cuts

It focuses solely on inflation control

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What global factor is mentioned as putting pressure on the dollar?

Trade agreements

Brexit uncertainties

Rising oil prices

Technological advancements