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As a result, inflation or increasing prices is unambiguous in today's US economy.However, real GDP output is indeterminant because of the tug-of-war between how much
As a result, inflation or increasing prices is unambiguous in today's US economy.However, real GDP output is indeterminant because of the tug-of-war between how much aggregate supply and aggregate demand shift in relation to one another.If supply chain bottlenecks get much worse, economic activity could fall, leading to a recession with rising inflation.On the other hand, if supply chain disruption improves and aggregate demand continues to expand, inflation will moderate, and economic growth will continue to pick up.
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