Question
(a) Based on the annual price change from 2020 to 2024 (1str.) for day-to-day items, which two (2) sectors would you say are most likely
(a) Based on the annual price change from 2020 to 2024 (1str.) for day-to-day items, which two (2) sectors would you say are most likely to see either positive or negative change in the next 2 quarters of 2024? (note: You may choose other items if you prefer - that are not in the WSJ list or written article). Discuss whether the Pr./change is directly related to aggregate supply chain disruption, aggregate demand for skilled labor, or increased consumption (AD/AS), (or a combination of both). (note: each reason noted is highlighted in the article w/related WSJ links that explain each reason). Discussion points in section (a) should included in-post ref. (no more than 20 words) from a related WSJ explanation. (b) Based on your research for (a) did you notice a correlation between consumers' perception of the economy and price expectation/adjustments? Discuss the correlation and include a brief discussion on whether consumer psychology play a role in inflation trends. (i.e. is the correlation more noticeable for high or low ticket items). (ref. WSJ article titled, "Inflation up to 3.2% in 02-24).
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