Question

We’ve witnessed a lot of inflation in different markets. Explain how the Pandemic helped create this situation. You may have to do a bit of online research for this one.

Answer 1

The pandemic-induced recession caused disruptions to the economy, including inflation. Prices of goods like gas and cars fell during the pandemic, but as the economy recovered in 2021, prices increased significantly.

Step-by-step explanation:

The pandemic-induced recession caused disruptions to the economy, including inflation. The prices of goods like gas and cars fell during the pandemic, but as the economy started to recover in 2021, prices increased significantly. Injections of cash into the economy through stimulus checks and unemployment benefits, as well as shortages in the global supply chain, further contributed to inflation. a