Yellen Would Ensure There Will Be Inclusion For All: David Wilcox

The transcript discusses the decline in economic mobility in the U.S., highlighting the disparity in opportunities between privileged groups and people of color. The pandemic has exacerbated these inequalities, leading to discussions about a K-shaped recovery. Janet Yellen's potential role as Treasury Secretary is explored, emphasizing her focus on inclusive economic policies. The importance of a tight labor market in reducing inequality is also discussed, referencing Arthur Okun's concept of a 'hot economy' benefiting marginalized groups.

What is a significant change in the American economic story discussed in the first section?

• Increased economic mobility

• Decline in economic mobility

• Economic mobility unaffected by education

• Stable economic mobility

Which group historically had more access to economic opportunities according to the first section?

• African Americans

• People of color

• Whites

• All groups equally

What economic concept did President-elect Biden discuss in relation to the pandemic recovery?

• K-shaped recovery

• V-shaped recovery

• L-shaped recovery

• U-shaped recovery

Who is mentioned as a key figure in addressing economic inequality in the second section?

• Arthur Okun

• Alan Greenspan

• Janet Yellen

• President Trump

What is a benefit of a tight labor market as discussed in the third section?

• Stable wage growth

• Greater wage growth

• Increased unemployment

• Decreased wage growth