Why do you think the U. S. experience with inflation over the last 50 years has been so much milder than in many other countries? After answering this question, please detail whether or not you feel this trend will continue for the next 50 years. Use at least two of the following terms in your a. Basket of goods and servicesb. Consumer Price Indexc. Base Yeard. Hyperinflatione. Bias

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u.s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.