Description
Answer option 3 has to be 300 words.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Attached.
Running head: BUSINESS
US INFLATION RATE FORECAST
NAME
COURSE
INSTITUTION
DATE
BUSINESS
US inflation rate forecast
Currently, the US economy is experiencing an increased inflation rate. The two major
types of inflation experienced include cost-push inflation and demand-pull inflation. Important to
note, the increase in the inflation rate is particularly engineered by the ultimate of energy prices
(Bec & De Gaye, 2016). Gasoline is one of the energy product whose price is on the rise. This
means that prices for various commodities and services in the market will skyrocket due to
increased production cost.
The US economy is experiencing cost-push inflation and demand-pull inflation due to the
decrease in the supply of goods and se...