Assingment on Inflation and Its Effect
During World War II, you could buy a loaf of bread for $0.15, a new car for less than $1,000 and an average house for around $5,000. In the twenty-first century, bread, cars, houses and just about everything else cost more. A lot more. Clearly, we’ve experienced a significant amount of inflation over the last 60 years.
When inflation surged to double-digit levels in the mid- to late-1970s, Americans declared it public enemy No.1. Since then,
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