The US economy is currently experiencing inflation as a result of measures applied to control the spread of COVID-19. In an essay of no-less than two paragraphs, explain how the following factors might have contributed to inflation since COVID-19 emerged.

• The unemployment rate has increased significantly.
• The amount of inputs to produce goods and services has fallen.
• International shipping is more limited.
• Consumer income has fallen.
• Consumer expectations are pessimistic
• Business expectations for a quick recovery are negative.