How have consumers driven the prices to be higher?

They saved more to prepare for a possible recession

They spent more amid fading Covid-19 restrictions

They bought more to buy foreign products

Question 2

How has Russia's invasion of Ukraine contributed to inflation?

It caused a run-up in wheat and corn prices

It reduced the U.S. imports from China

It increases the prices of computer chips

Question 3

To reduce the inflation rate, the Fed lift its benchmark ________ by 0.75% on 9/21

mortgage rate

prime rate

federal funds rate

Question 4

By rising the interest rates so fast, the Fed increases the risk of _______ in the coming months

higher inflation

a recession

budget deficit

dont answer by pen paper