What is stagflation Please give a real world example of stagflation When was the last time stagflation existed in the U S

Answer each question in 100 words or less.

What is stagflation. Please give a real world example of stagflation. When was the last time stagflation existed in the U.S.?
Explain frictional, structural, and cyclical unemployment? Please give an example of each. Why are they important to understand?
What is deflation? How does it hurt the economy?
What is fiscal policy? What are the tools used in implementing fiscal policy? Explain how fiscal policy works.
What is hyperinflation. Give a real world example where hyperinflation has been a problem.
List and explain the two types of inflation. Why is it important to understand both types?
What is the relationship between inflation and unemployment. Please explain.
What is the consumer price index? How is it calculated? Why is it important?”

Use Reference:

McConnell, C. R., Brue, S. L., & Flynn, S. M. (2009). Economics: Principles, problems, and policies (20th ed.). Boston: McGraw-Hill Irwin.

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