Prior to beginning work on this assignment, (Gwartney, J. D., Stroup, R. L., Sobel, R. S., & Macpherson, D. A. (2022). Macroeconomics: Private and public choice (17th ed.). Cengage Learning.)

• . Review Chapters 1 through 6 of Inflation: What It Is, Why It's Bad, and How to Fix It.

Steve Forbes is an expert on the global economy, monetary policy, and politics. You will have the opportunity to analyze his book and apply the information to real-world implications. To deepen your knowledge of the current economic situation in the U.S., you may review the documentary Age of Easy Money

https://www.youtube.com/watch?v=EpMLAQbSYAw (1:16:22 to 1:28:39).

Through a written analysis, you will explore inflation. Review the book and answer the following questions for each chapter. Be sure to analyze and write. Do not overly rely on quotes to support your points.

Chapter 1: What Is Inflation?

• . Analyze the fundamental characteristics and causes of inflation.
• . a three to five sentence paragraph summary of the chapter.

Chapter 2: Not-So-Great Moments in Inflation History

• . Analyze how historical instances of inflation have impacted economies and societies.
• . a three to five sentence paragraph summary of the chapter.

Chapter 3: Why Inflation Is Bad

• . Evaluate the impact of inflation on business operations and family finances.
• . a three to five sentence paragraph summary of the chapter.

Chapter 4: How to End the Malaise

• . Identify the most effective strategies and policies that you think are best to combat and eliminate inflation.
• . a three to five sentence paragraph summary of the chapter.

Chapter 5: What About Your Money?

• . Describe how individuals can protect their assets and financial well-being in the face of inflationary pressures.
• . a three to five sentence paragraph summary of the chapter.

Chapter 6: The Way Forward

• . List your key takeaways from this chapter and explain why those are most important to you.
• . Summarize, in a paragraph, how the information in the chapter leads to a greater understanding of inflation

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