Peter Orszag: 'Meh' U.S. Economy Is Barely Flying

The video discusses the current state of the economy, highlighting slow growth rates and employment trends. It examines the labor market, noting improvements in unemployment but concerns over participation rates and productivity. The Federal Reserve's cautious approach amid Brexit uncertainties is analyzed. Finally, the video highlights the positive impact of decelerating healthcare costs on the economy.

What is the main concern about the economy's growth rate as discussed in the video?

• It is declining rapidly.

• It is stagnant.

• It is growing at a slow rate, making it vulnerable.

• It is growing too fast.

What is the positive trend in the labor market mentioned in the video?

• Increase in job openings.

• Decrease in unemployment and underemployment rates.

• Increase in part-time jobs.

• Rise in wages.

What is causing the Federal Reserve to adopt a 'watch and wait' approach?

• High inflation rates.

• Uncertainty due to Brexit and upcoming elections.

• Decreasing interest rates.

• Stable economic growth.

What is the significant change in healthcare costs mentioned in the video?

• Healthcare costs have remained the same.

• Healthcare costs have doubled.

• Healthcare costs have slightly increased.

• Healthcare costs have significantly decelerated.

How is the deceleration of healthcare costs beneficial to the economy?

• It increases the fiscal burden.

• It improves the long-term fiscal outlook and eases the burden on employers.

• It leads to higher taxes.

• It reduces healthcare access.