6. (10 pt.) What is meant by the term inflation? How is inflation measured in the U. S. economy? What is the Federal Reserve Bank's (FED) target for inflation? What was the percentage increase in consumer price index (CPI) between March 2020 and March 2021? If the FED continues to print $120 bil per month (buying Treasury and mortgaged backed securities) over the next two years will this cause a spike in inflation? If the increased personal income resulting from Covid stimulus is spent in 2021 will this result in a spike in inflation? What does the FED plan on doing to keep inflation under control? Explain your reasoning carefully