Question: The USA consumer is experiencing inflation while the China consumer is now experiencing deflation. From what you have learned this semester and from current events,

The USA consumer is experiencing inflation while the China consumer is now experiencing deflation. From what you have learned this semester and from current events, please explain the following: A. Define inflation. B. What events led to inflation in the USA? C. What is the US government doing to reduce this? D. Define deflation E. What global & local events led to the deflation now occurring in China? F. What is the Chinese government doing to mitigate the deflation? G. Who are are the winners & losers in both inflation and deflation

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