The US inflation rate has risen to 6.8% in 2021 when the country is still embroiled in
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Question:
The US inflation rate has risen to 6.8% in 2021 when the country is still embroiled in the Covid- 19 pandemic. This is intriguing as the US economy had just underwent a 3.5% drop in GDP for 2020. Using the AD-AS model, explain as detail as possible what are the causes of the US inflation. Your explanations should be accompanied by relevant diagram(s)
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