virginia wolfe custom papers (1 essays)

Mrs. Dalloway

754 words/3 pages

When this happens there is going to be in creased prices as producers will pass the burden to the consumers . As a result there is going to be a shift in aggregate supply in the short run as a result of reduced demand . However , the extent of this effect is determined by the price elasticity of demand and supply ceteris paribus . Spiraling inflation This is the worst kind of inflation also known as built in inflation or run away inflation...