Why would energy and food prices be the main reasons for inflation? Are these just the main two things that are paid for? @econ_ta@LuiggiDonayre#ECONumd
Inflation across the globe is mainly driven by energy and (energy-intensive) food prices. We are witnessing a monetary policy overreaction to a supply shock, as central banks are simultaneously hiking interest rates to dampen demand, which leads into global recession.
The tensions between the U.S. and China have given observers reason to believe that China could invade Taiwan in the near future. #Economics https://t.co/TaRdiknnGL
Breaking News: Mortgage rates in the U.S. jumped above 7%, their highest level since 2002, as increasing rates have already taken a toll on the housing market.
https://t.co/y1jWkrlv6o
U.S. GDP declined in the first two quarters of 2022, but the majority of economic indicators that the NBER Business Cycle Dating Committee tracks to identify U.S. recessions still showed growth. Read the analysis: https://t.co/NBmrIAmnXd
The US dollar is one of the most valuable currencies in the world this shows how the US dollar affects other currencies around the world. @econ_ta@LuiggiDonayre#UMDecon
GDP is made up of products and services generated for market consumption as well as certain non-market production, including government-provided defense or educational services. @econ_ta@LuiggiDonayre#EconUMD
This prediction chart indicates that inflation will go down by the end of 2023 and I agree because it the way the economy has recently been very low and once it goes down I feel like it go back up at a pretty constant rate @econ_ta@LuiggiDonayre#ECONumd
Went bowling with my roomates last night and realized there really is an oppertunity cost for everything. The main one I faced last night was the money I spent when I couldve just hung out with them at our house for free. #EconUMD@econ_ta@LuiggiDonayre
The high prices caused after the russia invasion fueled a ton of peoples anger which cased the government to find a way to lower it to help fix the economy #EconUMD@econ_ta@LuiggiDonayre
There are minimal differences in the peer countries because I feel like peer countries tend to follow the US knowing how "superior" we are to them. #EconUMD@econ_ta@LuiggiDonayre
Gas prices have been at a sky rocket price level but now starting to drop. Is the resolution to high gas prices, the high prices itself lowering the demad at the high prices so lowering the prices makes more money? #EconUMD@econ_ta@LuiggiDonayre