1. As inflation has spread from used cars, food, and energy, on the one hand, to the rent that people pay during these past 12 months, we are faced with all of the following risks except ***one***:

______ inflation would be likely to get stickier and longer-lasting

______ inflation would lead workers to demand larger and larger pay increases

______ businesses would begin to assume a continuation of inflation longer than just the next 12-18 months and would then proceed with trying to enact larger and larger price increases to their customers

______ we would be returning to the same economic dynamics of 2005-2008 in terms of problems in the derivatives market