BofA's Moynihan Says U.S. Will Have a Fast Turnaround After Virus Crisis

BofA's Moynihan Says U.S. Will Have a Fast Turnaround After Virus Crisis

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Business

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The video discusses the potential for permanent demand reduction due to the crisis, highlighting the significant fiscal and monetary support aimed at economic recovery. It predicts a rebound in the economy, similar to China's recovery, once the healthcare crisis is resolved. The key to recovery is consumer confidence, which will return when the healthcare situation improves.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does consumer confidence play in the economic recovery according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the healthcare crisis in relation to the economy as discussed in the text?

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