Inflation ‘Bubbling Up,’ But Stays Low in 2021, Economist Lee Says

The video discusses the current state of inflation in the US, noting that while inflation has been low, it is beginning to rise slightly. The speaker explains that the economy is in a second wave, which is less severe than the first. Supply and labor shortages are contributing to inflationary pressures. However, the increase in inflation and interest rates is expected to be modest.

What is the current trend in inflation according to the speaker?

• Inflation is expected to remain at very low levels.

• Inflation is starting to rise slightly.

• Inflation is not expected to change.

• Inflation is decreasing rapidly.

How does the speaker describe the impact of the second wave on the economy?

• Equally severe as the first wave.

• No impact on the economy.

• Less severe than the first wave.

• More severe than the first wave.

What is one of the reasons for the supply shortages mentioned?

• Excessive production of goods.

• High demand for luxury items.

• Increased import tariffs.

• Shortages in goods and labor.

What is a significant factor contributing to labor shortages?

• Government policies.

• Increased automation.

• High unemployment rates.

• Various unspecified reasons.

What is the expected pace of inflation and interest rate increases?

• They will increase at a modest pace.

• They will remain unchanged.

• They will decrease.

• They will rise rapidly.