The most immediate and visible form of inflation shock is:
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 the most immediate and visible form of inflation shock because it affects the prices of many other goods and services. This is because oil is a key input in the production of many goods, as well as being a major source of energy for transportation. As oil prices rise, the cost of producing and transporting goods increases, leading to higher prices for consumers. In addition, higher oil prices can also lead to higher inflation overall, as businesses may pass on higher costs to consumers in the form of higher prices for other goods and services.

The Most Immediate and Visible Form of Inflation Shock Is