Yeah over some period that could (likely would) occur and increasing the aggregate domestic demand wouldn’t necessarily restore the amount available imported goods in the economy, and it could indeed result in additional inflation. That makes sense but it’s gonna take a bit for supply chains to reshuffle. I think you’re right that it’s already beginning to happen.
Yeah over some period that could (likely would) occur and increasing the aggregate domestic demand wouldn’t necessarily restore the amount available imported goods in the economy, and it could indeed result in additional inflation. That makes sense but it’s gonna take a bit for supply chains to reshuffle. I think you’re right that it’s already beginning to happen.