Hubbard: Likely to See Recession

Hubbard: Likely to See Recession

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

The transcript discusses the potential for a recession if the Federal Reserve continues its current path to achieve 2% inflation. It highlights the need to manage demand through interest rate hikes and the political challenges that may arise with a new Congress. The discussion also covers the fiscal constraints faced by the government and the importance of preparing for long-term economic growth through research and workforce development. Additionally, the role of immigration in supporting economic growth is emphasized, with a focus on both high-skill and low-skill labor.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main challenges the Federal Reserve faces in achieving 2% inflation?

Low interest rates

Supply chain disruptions

Wage pressures

High consumer demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor in the Federal Reserve's strategy to manage labor demand?

Encouraging more job openings

Reducing interest rates

Destroying some of the demand for labor

Increasing government spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential political challenge for the Federal Reserve in sticking to its economic policies?

Lack of support from the President

Low unemployment rates

High inflation rates

Opposition from the new Congress

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the constraints on the President's economic agenda?

High levels of public debt

High unemployment rates

Lack of bipartisan support

Limited fiscal resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a suggested strategy for long-term economic growth?

Cutting government spending

Increasing tariffs on imports

Reducing immigration

Investing in research and skill development

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is immigration considered important for America's economic strength?

It decreases the need for government spending

It reduces wage pressures

It provides a source of low-cost labor

It contributes to innovation and entrepreneurship

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a challenge in achieving bipartisan support for immigration policy?

Differences in economic priorities

High unemployment rates

Political difficulty in separating high and low skill immigration

Lack of public interest