Rafiki's Englander Says Yellen Did Well Before Congress

Rafiki's Englander Says Yellen Did Well Before Congress

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses Shannon's testimony in front of Congress, highlighting her performance as a Fed chair. It delves into inflation concerns and the implications of interest rate decisions, particularly under Janet Yellen's term. The discussion shifts to the current economic situation, characterized by a positive supply shock, and its implications for policy-making, contrasting it with a demand shock scenario.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the general tone of Congress towards the Fed chair during the testimony?

Aggressive and confrontational

Gentle and understanding

Indifferent and uninterested

Supportive and encouraging

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of Janet Yellen's main concerns discussed in her testimony?

Rising unemployment rates

Inflation and its impact on rate decisions

Increasing trade deficits

Decreasing housing prices

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has Janet Yellen struggled to achieve during her term according to the discussion?

Balancing the federal budget

Reducing unemployment to historic lows

Meeting the core PCE inflation target

Increasing interest rates consistently

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current economic condition described in the third section?

A negative demand shock with rising unemployment

A positive supply shock with falling prices

A stagnant economy with no growth

A recession with high inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How should policymakers view the current supply shock compared to a demand shock?

As irrelevant to economic policy

As more severe than a demand shock

As equally concerning as a demand shock

As less severe than a demand shock