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S: A. Based on what you see, would you say that consumers' expectations of inflation are an accurate forecast of actual inflation or not? (2

S: A. Based on what you see, would you say that consumers' expectations of inflation are an accurate forecast of actual inflation or not? (2 points) B. Explain why or why not using economic reasoning. (3 points) C. How is expected inflation different during the Financial Crisis (2007-2009) than it is during the Covid-19 pandemic (2020-2021) (2 points) D. And how might that be important for the macroeconomy? (2 points)

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