Logan: Long Secular Trend to Lower Productivity Growth

The transcript discusses economic trends, highlighting a decline in productivity and GDP growth over 15 years. It addresses global economic challenges, emphasizing the need for faster growth to alleviate poverty. The conversation shifts to wealth redistribution's potential impact on inflation and growth, noting increased inequality. Finally, it examines inflation trends and unemployment, suggesting fiscal activism could boost growth without significant inflation risk.

What is a significant factor contributing to the decline in economic growth over the past 15 years?

• Rising inflation

• Higher interest rates

• Lower productivity growth

• Increased government spending

Why is faster economic growth necessary on a global scale?

• To stabilize currency exchange rates

• To reduce government debt

• To lift people out of poverty

• To increase inflation

What is a potential consequence of wealth redistribution policies?

• Increased unemployment

• Decreased inflation

• Increased aggregate demand

• Decreased aggregate demand

How has the unemployment rate affected inflation in recent years?

• It has had little effect on inflation

• It has increased inflation

• It has caused significant inflation

• It has decreased inflation

What is the likelihood of a December rate increase according to the discussion?

• Very likely

• Certain

• Unlikely

• 50/50 chance