Question

how are grain and vegetable production related to inflation?​

Answer 1

Answer:

WHEN THE GOVERNMENT PROCURES MORE GRAIN, THIS INCREASES THE MARK-UP THAT GRAIN PRODUCERS CHARGE OVER THEIR MARGINAL COSTS OF PRODUCTION. ... CONFRONTING HIGHER NOMINAL WAGES, VEGETABLE PRODUCERS AND MANUFACTURING FIRMS REVISE THEIR PRICES UPWARDS, LEADING TO INFLATION IN THESE SECTORS AS WELL.

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