Negative supply shocks are inflationary.
P = MV/Q, Q⬇️ ➡️ P⬆️
Sometimes Econ 110 concepts are NOT over simplifications.
Negative supply shocks are inflationary.
P = MV/Q, Q⬇️ ➡️ P⬆️
Sometimes Econ 110 concepts are NOT over simplifications.
It was a significantly raised the tensions that ultimately led to war.
It was a significantly raised the tensions that ultimately led to war.
Kilkenomics share.google/ztjdIAYX5z1I...
Kilkenomics share.google/ztjdIAYX5z1I...