The most immediate and visible form of inflation shock is/are:
A) the real wage
B) the price of corn
C) the price of oil
D) growth in the stock market
E) bond prices

Question

Quizplus · Accepted Answer

The price of oil is often a key driver of inflation, as it impacts the cost of production and transportation of goods and services. When oil prices rise, it can lead to higher prices across a wide range of industries, resulting in inflation. This inflation shock is also typically immediate and visible, as consumers often notice changes in gasoline and energy prices quickly.

The Most Immediate and Visible Form of Inflation Shock Is/are