U.S. Consumers Face Shortage Of Goods, Higher Prices

U.S. Consumers Face Shortage Of Goods, Higher Prices

Assessment

Interactive Video

Business

University

Hard

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The video discusses the rapid sales of consumer goods and the significant rise in the consumer price index, highlighting inflation concerns. It explains the impact of $6 trillion in government relief and increased demand due to rising vaccinations. While Federal Reserve Chairman Jerome Powell suggests inflation pressures are temporary, concerns persist due to labor shortages and supply chain inefficiencies. The video also explores potential improvements in supply chains post-pandemic.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways might the pandemic affect supply chains according to some experts?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do experts have regarding inflation as businesses struggle?

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