How serious a problem do you feel inflation is? Why?
Inflation has been in the news continually over the past several months. Initially many economists felt that inflation was the result of the Pandemic (and disruptions in the supply chain, which caused shortages, which led to price increases). 1.) How serious a problem do you feel inflation is? Why? 2.) Why do you think prices are rising? 3.) Do you think it is likely to be long-lasting, or more temporary in nature? Why?
