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Do you like these types of video? In this episode, I talk about the COVID-19 recession (the Great Lockdown) and explain how it led to high inflation in the US. It is clear now that inflation was caused by both an increase in the demand by consumers and a decrease in supply due to supply chain problems. The good news is that Jerome Powell and the Federal Reserve say they got it covering. The bad news is that their policies will likely increase unemployment. and cause a recession. Be sure to like and subscribe. Thanks for watching. Students- Need more help? Get the Ultimate Review Packet www.ultimatereviewpacket.com Teachers- The worksheet for this video is in my Economics Case Studies Worksheets https://www.acdcecon.com/standardecon #econirl
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