Jason Furman, Former Chairman of the Council of Economic Advisers, on the Economy

Jason Furman, Former Chairman of the Council of Economic Advisers, on the Economy

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Interactive Video

Business

University

Hard

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The video discusses the impact of tax cuts on economic growth, noting that growth rates remained similar before and after the cuts, with investment growth slowing slightly. The discussion highlights the role of government spending and the lack of significant investment incentives from tax cuts. It also examines consumer confidence, job market trends, and the potential impact of global economic softening. The video addresses inequality, attributing it to factors like declining minimum wages and weakened unions, and suggests education reforms to address economic shifts and inequality.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do economists have regarding consumer confidence and its potential effects on the economy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What educational reforms were suggested to address the shifts in the economy?

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