Bell Ringer Assignment

• CLIP #1: List some of the current statistics regarding inflation and unemployment in the United States.
• CLIP #1: Explain how the current period of disinflation differs from the last period of significant inflation (late 1970’s/early 1980’s) in the United States.
• CLIP #2: According to Chairman Bernstein, what are some actions that the Biden administration has taken to improve the supply-side of the economy?
• CLIP #2: Explain how these actions have worked in conjunction with the actions of the Federal Reserve.
• CLIP #3: Critics of the Biden administration have asserted that the American Rescue Plan (2021) was too large and fueled inflation. Evaluate Chairman Bernstein’s response to this claim.
• CLIP #4: Discuss how the real wages of workers in the United States have changed.
• CLIP #4: How has the labor-force participation rate changed in recent years?