Why Are Prices Going Up?

The video discusses the rise in global inflation, primarily due to COVID-19's impact on demand and supply chains. It highlights government responses, supply chain disruptions, and other factors like extreme weather contributing to inflation. The video also explores the psychological effects of inflation and offers a future outlook, emphasizing that most causes are temporary and advising against drastic financial actions.

What is the wage-price spiral, and how can it affect the economy?

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What are some potential solutions the Federal Reserve can implement to combat inflation?

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How does the interconnectedness of the global economy affect inflation?

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