Fed Chair Powell Says Concept of MMT Is 'Just Wrong'

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Business, Social Studies
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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 key proposals advocated by supporters of Modern Monetary Theory?
Reducing government spending
Increasing interest rates
Implementing universal basic income
Privatizing healthcare
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major criticism of the idea that deficits don't matter for countries borrowing in their own currency?
It causes unemployment
It ignores the growing national debt
It leads to increased foreign debt
It results in higher taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the transcript, what is the current state of US debt in relation to GDP?
It is decreasing
It is stable
It is growing faster than GDP
It is not a concern
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary role of the Federal Reserve as mentioned in the transcript?
To control government spending
To support specific government policies
To achieve maximum employment and stable prices
To manage fiscal policy
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is responsible for decisions about spending and controlling spending according to the transcript?
The President
Congress
The Treasury Department
The Federal Reserve
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