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10 QUESTION All economies in the Caribbean are quite vulnerable to economic shocks, limited infrastructure, high public debt, security threats, effects of the pandemic among

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10 QUESTION All economies in the Caribbean are quite vulnerable to economic shocks, limited infrastructure, high public debt, security threats, effects of the pandemic among other problems that has impacted its growth over the years. The objective is to review the impact of INFLATION in Cayman. use statistical, graphical, pictorial to make a presentation when addressing the following areas below Include a profile using the most recent economic information for the selected economy. (This should include demographics, flag, Premier/ Prime Minister/ President etc. a) Determine the current inflation rate for Cayman economy. b) Explain the types of inflation currently being experienced in Cayman economy, is it anticipated or unanticipated. c) Relate three things, citizens should be aware of when inflation occurs. d) Identify a good where inflation has occurred and illustrate the impact of the change in prices using current values using the AD/AS model. (Source the data and identify the dates accurately) e) Cite the reason for the inflation given in (e)? f) Illustrate using a trendline the inflation rate for the economy using annual data for Cayman economy for the past 10 years and comment. g) Discuss in detail one specific measure/ policy the monetary authority has adopted to combat/ sustain/ stabilize the inflation in Cayman economy

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