What is the first step in addressing economic disparities according to the transcript?
The Economics of Inequality: Undoing Policy Mistakes

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Business, Social Studies, Life Skills
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Implementing new policies
Acknowledging the existing disparities
Increasing taxes
Providing economic advantages to all
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the speaker believe education alone cannot resolve racial economic disparities?
Because education levels have not increased
Due to lack of funding for education
Due to persistent wage gaps and unemployment rates
Because education is not accessible to all
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the Federal Reserve's mandates mentioned in the transcript?
Full employment
Reducing taxes
Decreasing imports
Increasing exports
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should the Federal Reserve consider when deciding to raise the federal funds rate?
Political pressures
Wage growth and unemployment across communities
Only the NAIRU
Global economic trends
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of quantitative easing according to the transcript?
To decrease inflation
To stimulate economic growth and recovery
To increase interest rates
To reduce government spending
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is necessary for fiscal and monetary policy to effectively address economic disparities?
They must work independently
They must work together
They must focus solely on inflation
They must ignore wage growth
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant contributor to the longest economic expansion on record?
The Fed's monetary policy of holding interest rates low
High interest rates
Decreased unemployment benefits
Increased government spending
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