1. Assume you are in the market to purchase a new home worth up to $200,000. Discuss whether it makes more sense to opt for a 30-year mortgage or a 15-year mortgage. Explain your rationale.
2. Explicate the significance of unexpected inflation so someone completely unfamiliar with economics could make better financial decisions (if he / she listened to your explanation).
3. Determine the best possible way to account for inflation when considering where to invest your money. Provide specific examples to support your response.
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