Question: https://web.archive.org/web/20220918230130/https://www.economist.com/finance-and-economics/2022/09/13/america-still-has-an-inflation-problem Based on the article, answer the following: Why is high inflation a concern for an economy? Analyzing the chart in the article, what industries

https://web.archive.org/web/20220918230130/https://www.economist.com/finance-and-economics/2022/09/13/america-still-has-an-inflation-problem

Based on the article, answer the following:

  • Why is high inflation a concern for an economy?
  • Analyzing the chart in the article, what industries have contributed most to overall inflation? Why?
  • What is one cause of high inflation in the American economy presently? How is this linked to unemployment?
  • Americans see fuel prices as more indicative of price trends than do economists. Why might this be?
  • Explain this statement from the article: "In other words, only in the rosiest scenarios does it seem America can escape the inflation mire without lots of job loses."

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