Compare the benefits and costs of various levels of inflation. - China

Learning Objective: Compare the benefits and costs of various levels of inflation. Activity: For many years China has maintained a high level of inflation compared to the United States which has devalued its currency. Research the benefits and the costs for China in maintaining high levels of inflation. •Summarize the time-frame, duration and rate of inflation over a period. •Analyze the root causes of the inflation •Describe interest rates during the inflationary period •Describe the major economic consequences of the inflation •Explain how they were able to control the inflation (if they were) •Research the impact inflation has on the consumer. What are the benefits and the costs of inflation to this group? Write a 1 to 2 page paper -Verify that there are no spelling or grammar errors in your paper. Make sure to cite any sources in APA format that you used in your research.