7,In the country of Madeupistan, prices are rising at an extremely fast rate. What cost 1 in their currency the last year, now costs 15,000. What is the most likely cause of these price increases and why are they happening?

8,Who would be hurt worst by what was happening to prices in Madeupistan? Would anyone in Madeupistan gain? If so, who?

9, Suppose the government decides to start measuring changes in prices. In one measure they do not include the price of gasoline even though people buy lots of gasoline in their country. Why would the government do that?

10, Why is legal protection of ownership rights so important for high standards of living?

11,Unemployment rose quickly in 2020 Do you think this was Frictional, Structural, or Cyclical Unemployment? Defend your answer using class concepts.