Please answer the following questions. Thank you in advance.

1. The home where I grew up was purchased by my father for $3,200 in the year 1943. As of the year 2012, its market value was $850,000.
2. Using the concepts of purchasing power, inflation, and price indexes how would you explain this tremendous increase in value?
3. Are there any other possible outside factors besides the above which might also help explain the increase?
4. Explain why you think that borrowers of money and lenders of money view inflation differently.
5. How do borrowers normally react to high inflation rates?
6. How do lenders normally react to high inflation rates?
7. Discuss whether you feel that there are some positive (good) aspects to high inflation. If you don't feel that there are any, explain why.
8. If you were an employer would you favor a law which forces you to increase your employee's wages each year by the same % as the inflation rate? Explain for us.
9. The Real wage rate is expressed in 1980 dollars. In 2015 this was almost $8 per hour while the nominal wage rate was close to $20 per hour. Using these two graph lines, would you say that the standard of living for most Americans has gotten better? Explain your response and give an example supporting it.