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Answer:
1. What year saw the greatest increase in the adjusted CPI?
The adjusted CPI had its largest increase in 1973, having an 11.04% rate of inflation.
2. What might account for the greater increases in adjusted CPI in the late 1960s compared to the mid-1960s?
The late 1960's increase in inflation was due to the increase of taxes, increase the issuance of currency and cutting public expenditures, in the Lyndon B Johnson government, in order they could meet the military expenses they where having at that moment thanks to the Vietnam war.
3 - Why might inflation be bad for American consumers?
If there is an increase in inflation but not in salary, the amount of earnings will not be powerful enough overtime, which means American consumers would be needing more money to satisfy their daily requirements.
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1970
Increased involvement in the Vietnam War, Great Society programs fully in effect.
Consumers lose purchasing power with inflation forcing them to buy less.
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