Consider the effects of inflation in an economy composed of only two people: Musashi, a bean farmer, and Rina, a rice farmer. Musashi and Rina both always consume equal amounts of rice and beans. In 2019 the price of beans was $1, and the price of rice was $4. Suppose that in 2020 the price of beans was $2 and the price of rice was $8. Inflation was Indicate whether Musashi and Rina were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected Musashi O O O Rina O O Now suppose that in 2020 the price of beans was $2 and the price of rice was $4.80. In this case, inflation was % Indicate whether Musashi and Rina were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected Musashi O Rina O O OIndicate whether Musashi and Rina were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected Musashi O O O Rina O O O Now suppose that in 2020, the price of beans was $2 and the price of rice was $1.60. In this case, inflation was % Indicate whether Musashi and Rina were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected Musashi O O Rina O O What matters more to Musashi and Rina? The relative price of rice and beans The overall inflation rate