Rafiki's Englander Questions Yellen's Hawkish Tone
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Business, Social Studies, Life Skills
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges in forecasting inflation according to the first section?
Absence of clear proximate causes
Lack of historical data
Over-reliance on technology
Unpredictable external factors
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might the Federal Reserve's credibility be at risk according to the second section?
Owing to their frequent policy changes
Because of their lack of communication
Due to their overconfidence in transitory inflation
As a result of their outdated technology
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the second section suggest about the potential structural issues in economic models?
They are outdated and need replacement
They might not account for all underlying factors
They are too complex to understand
They are overly simplistic
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the third section, what is the relationship between wages and inflation?
Wages always rise with inflation
Wages are unaffected by inflation
Wages can be disappointing even when inflation is high
Wages decrease as inflation increases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might prompt the Federal Reserve to reconsider its policy stance as discussed in the third section?
A rise in global stock markets
A change in political leadership
A consistent pattern of weak employment data
A sudden increase in oil prices
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