Fed's Kaplan Expects Virus to Cause 'Substantial Contraction' in 2Q

Fed's Kaplan Expects Virus to Cause 'Substantial Contraction' in 2Q

Assessment

Interactive Video

Business, Life Skills

University

Hard

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The transcript discusses economic forecasts, predicting a significant GDP decline and a peak in unemployment rates. It explores potential recovery shapes, emphasizing the importance of fiscal responses. The impact on small and large businesses is considered, with a focus on demand and reconfiguration. Finally, it predicts changes in consumer behavior, highlighting increased caution and altered spending habits.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected range of GDP contraction in the second quarter according to the Dallas Fed?

10-15%

40-45%

30-35%

20-25%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By the end of the year, what unemployment rate does the Dallas Fed hope to achieve?

9-10%

7-8%

5-6%

3-4%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern for small businesses post-crisis?

Increased competition

Higher taxes

Lack of innovation

Reduced demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might consumer behavior change after the crisis?

Increased spending

More cautious spending

Less saving

Higher risk investments

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge in predicting the speed of economic recovery?

Consumer confidence

Government policies

Transition from slow to fast recovery

Business investments