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March 2022 inflation rates were the highest observed in the previous forty years. According to the language and theory from class, which of the following
March 2022 inflation rates were the highest observed in the previous forty years. According to the language and theory from class, which of the following (true) economic "shocks" is least likely to have contibuted to that high inflation? (O A. the 45% drop in government outlays between March 2021 and March 2022 (O B. the 74% increase in the price of crude oil O C. the 17% increase in Federal Reserve holdings of US treasuries O D. the 5.5% increase in US average hourly earnings
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