Iâve been playing around with various Javascript charting libraries recently, and ECharts is one of my favourites. Overall Iâve found it very easy to use, and has a good balance between simplicity and flexibility. I personally think that ECharts is well documented, and has lots of good samples to work from.
In the long run we will return to the normal equilibrium. Cost-push inflation occurs when the short-run aggregate supply curve shifts leftward, as from AS1 to As2. If the government attempts to counter the decrease in real domestic output by increasing AD1 to AD2, the price level rises. Essentially, the economy moves from point a to b to c.
This is what economists call cost-push inflation. Cost-push inflation is a type of inflation that occurs when higher production costs push up the prices of goods and services. Oil shocks like this one we just heard about lead to cost-push inflation. Two major oil shocks occurred in the United States during the 1970s.