17. What kind of bubble was there in the late 1990s? 18. What was the \"mother of all bubbles\" that occurred in Europe in the 1630s? 19. Why is it important for ordinary people to understand inflation? Extra credit / Discussion Prompts e Would it be better for you to have your nominal wages or your real wages increased? Explain. e Think about the prices you are familiar with. What product categories would you say are currently experiencing high inflation? Which ones are experiencing low inflation or no inflation? e High inflation levels are actually good for one segment of the population. Which segment is that? e The opposite of inflation is deflation -- real prices on the decrease. Who would this be good for