In early 2012 the price of computer hard disc drives rose. In a demand and supply model, shifts in what curve or curves could have brought about the higher price?
What will be an ideal response?
Question 2
The shoe-leather costs of inflation are the costs from
A) the government taking a higher percentage of interest income.
B) higher prices for all goods, including necessities such as shoes.
C) confusion as people lose track of real costs and benefits.
D) higher taxes due to higher inflation.
E) time spent trying to spend money quickly.