Inflation is currently the hot topic in macroeconomics today. The inflation rate currently nationwide is around 3.5% per year. Last year, the inflation rate nationwide was over 8 % per year. Two years ago, the inflation rate was about 2%/yr. The difference in the inflation rate may seem small, but with a 2%/year inflation rate it would 36 years for all prices in general to double, but with a 5%/year inflation rate, it would take about all price in general to double on 20 years. 1. What do you think is causing the inflation rate to be so high? 2. What groups of individuals do you think are gaining from this high inflation rate? 3. What do you think the inflation rate will be for the next couple of years