Question: 1. Why do you think the U.S. experience withinflation over the last 50 years has been so much milderthan in many other countries? 2. If,

1. Why do you think the U.S. experience withinflation over the last 50 years has been so much milderthan

in many other countries?

2. If, over time, wages and salaries on average rise atleast as fast as inflation, why do people worry about

how inflation affects incomes?

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