Your granny has been reading in the newspaper about the impact of high gasoline prices on the economy. She is confused as to why one item like gasoline price could have such an impact across the entire economy. Explain to her the various potential impacts of higher gas prices on the macroeconomy

Answer rating: 100% (QA)

There are several potential impacts of higher gas prices on the macroeconomy Here are some key factors to consider 1 Consumer Spending Higher gas pric... View the full answer