The year is 2035, and the American economy is going through its most serious recession in over 25 years. Gross domestic product is falling, while inflation and unemployment are both rising. At the same time, the national debt is approaching $50 trillion. In order to help understand and eventually solve this crisis, you need to address the following:

3. Explain the three major possible causes of inflation, and analyze when inflation is high enough that it should be considered a serious problem. Then discuss who benefits the most and who suffers the most during a period of high inflation. Finally, discuss what the government can do to try to help combat high inflation.