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Part 2: Check Your Understanding- Assume an economy is experiencing higher inflation which negatively affects the following individuals. Choose the best category for each of
Part 2: Check Your Understanding- Assume an economy is experiencing higher inflation which negatively affects the following individuals. Choose the best category for each of the situations below. Shoe Leather Unit of Situation Cost Menu Cost Account Cost 14. Walmart must hire additional workers to replace all the price tags on their products every week. 15. An attorney spends two hours each week researching if her hourly rate is comparable to other lawyers. 16. Each month your rent increases so you can't set up an online automatic payment. You must pay cash and deliver the rent to your landlord in person. 17. A grandma increases the number of times she goes to the grocery store. 18. The owner of a restaurant spends an extra two hours a week creating and updating coupons. 19. You want to sell your car but you prefer to trade it for something more tangible than cash. Do not post online
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