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Question: Discuss the current inflation situation in the United States. Be specific, including researching the inflation rate and the primary causes in relation to supply and demand. In the discussion, define elasticity, and how energy and food price elasticity (or inelastic) affects the current inflation.
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The report is about inflation and the discussion of the same in the context of the supply and demand elasticities. An overview of the causes of the inflation in the US at present and insights of the same discussed about.References are given.Statistics given for supporting the reflection discussed about.
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