Answer all questions in this document and upload the filled document on canvas by the due date. Check the canvas assignment page for any additional reading required to complete before answering questions in this assignment. You must answer all numerical problems using the Equation functions in word. What is Inflation and why is too much of it a bad thing? Inflation is the economic term used to describe the general rise in price in the economy. It means that goods and services are becoming more expensive. Currency loses value over time, and doesn't have much purchasing power as it did before. Inflation can happen because of many reasons, like higher wages, lower interest rates, supply chain issues or broader issues in the global economy. Common goods and services like groceries, gas, utilities, and clothing need to be supplied by everyone. Our finances suffer when the cost of these products rises. Families with low and intermediate incomes suffer more than those with more money because they are more affected by the difficulty brought on by price increases. Too much of inflation is bad because, it gives less purchasing power, less savings meaning if the rising of prices for essentials is eating into your budget that means you are not saving enough money as you should be. Moreover, loss of goods and services by high inflation. Why has there been a significant rise In Inflation, is it cost push or demand pull? Who is most affected by inflation? How does the Federal Reserve tackle excess inflation? Given the different ways in which inflation can take root, what are some fiscal policies (Congress) that can help alleviate pressures?