Janet Yellen's Senate Testimony in Two Minutes

Janet Yellen's Senate Testimony in Two Minutes

Assessment

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Business

University

Hard

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The transcript discusses the potential for future financial crises and the effects of asset purchases on interest rates. It highlights the expected reduction in banking reserves and the potential positive impact of well-designed tax reform on productivity. The speaker expresses skepticism about achieving 3% economic growth and remains focused on current responsibilities, avoiding comments on reappointment.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact of asset purchases on long-term interest rates?

They are expected to fluctuate randomly.

They are expected to remain the same.

They are expected to increase.

They are expected to decrease.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current approximate quantity of reserves in the banking system?

4 trillion

2 trillion

1 trillion

3 trillion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can appropriately designed tax reform affect productivity?

It can have a negative effect.

It can have no effect.

It can have a favorable effect.

It can make productivity unpredictable.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What growth rate is considered challenging to achieve according to the speaker?

3%

1%

2%

4%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the speaker's focus regarding their role as chair?

Reducing workload

Increasing personal wealth

Carrying out assigned responsibilities

Seeking reappointment