Discuss the reasons that inflation rose in the United States in the 1970s.

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. These articles should discuss inflation in the United States in the recovery form the COVID-19 Contraction.

Part 1: Discuss the reasons that inflation rose in the United States in the 1970s. You should base your discussion on the lecture videos and course readings.

Part 2: Discuss the articles that you downloaded. Make sure to cite these articles and append them at the end of your essay. You should discuss the evidence that inflation may be occurring in the United States today, the potential sources of this inflation or inflationary pressure, and what the Federal Reserve has done to contribute to the rise of inflation.

Part 3: Compare the inflation of the 1970s to inflation in 2020-21. What is similar? What is different?

Part 4: Answer the question: If you were the Chair of the Federal Reserve Board of Governors, what would you do about the possibility of inflation today. Please justify your policy decision based upon the historical analogy.

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