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May 28, 2022

Inflation Due to Covid Supply Chain and Ukraine War

APA, Economics, University

10061Respond to the following prompt:
One issue that is related to macroeconomics is inflation. Inflation refers to the rate at which consumer goods rise. Right now, inflation is at its highest in nearly 40 years. A lot of this has to do with Covid supply chain issues and the war in Ukraine. The Federal Reserve has raised interest rates in an effort to bring down prices and the government has released oil reserves to try to bring down gas prices.

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