For each of the following separate situations determine the associated problem of inflation

• shoe-leather cost
• money illusion
• menu costs
• future price level uncertainty
• wealth redistribution
• price confusion
• tax distortions

1. Your loyal customers stopped eating at your restaurants because you raised prices.
2. Sam does not want to lend money to his friend because of the inflation risk.
3. With the income tax cut of 2% this year, people believe they are richer and spend more in holiday seasons.
4. A student claimed that oil prices went up because the supply of oil went down.
5. should i design some new clothes for sale? it takes me more than six months to design and make the clothes i am not sure how much i can sell for those clothes in the future.
6. To offset inflation, i buy stocks and bonds it takes me so much time to pick those stocks and bonds.