country M has always have an inflation of roughly 2% for many years alrdy, however due to a shock of disruption of natural resources, it cause a spike in the energies pricing. The current inflation is now 7%. what kind of shock is this? And how has this fuel the inflation?

country M has always have an inflation of roughly 2% for many years alrdy, however due to a shock of disruption of natural resources, it cause a spike in the energies pricing. The current inflation is now 7%. what kind of shock is this? And how has this fuel the inflation?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter7: Unemployment And Inflation

Section: Chapter Questions

Problem 7E

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