BofA's Moynihan Says Business 'Solid,' Loan Demand 'OK'

The video discusses the current state of the economy, highlighting a 2% growth rate with strong consumer spending. It examines economic tailwinds like low unemployment and headwinds such as the need for tax reform. The potential for sustaining 3% growth is questioned, with emphasis on the impact of population growth and immigration policies on economic expansion.

What is the current growth rate of the U.S. economy as discussed in the video?

• 3%

• 2%

• 1%

• 4%

What is considered the biggest tailwind for the U.S. economy?

• Weak loan demand

• Strong consumer spending

• Decreasing wages

• High unemployment rates

What is identified as a necessary reform to boost economic optimism?

• Tax reform

• Environmental reform

• Education reform

• Healthcare reform

How does the video describe the impact of population growth on the economy?

• It has no impact

• It stabilizes demand

• It decreases demand

• It increases demand

What could be a consequence of curtailing immigration according to the video?

• Immediate economic collapse

• Increased economic growth

• Decreased economic growth

• No change in economic growth