Please help to Select the cost of inflation that best describes each scenario.

Select the cost of ination that best describes each scenario. 3. Because ination has risen, a clothing company decides to issue a new catalogue monthly instead of quarterly. l ' l Inconvenience of a changing price level Menu costs Shoeleather costs h. Grandpa buys an annuity for $100,000 from an insurance company, which promises to pay $10,000 a year for the rest of his life. After buying it, he is surprised that high ination triples the price level over the next few years. Cost of unexpected ination Altered tax liability Inconvenienoe of a changing price level c. Maria lives in an economy with hyperination. Each day after being paid, she runs to the store as quickly as possible so she can spend her money before it loses value. Menu costs Shoeleather costs Cost of unexpected ination d. Gita lives in an economy with an ination rate of 10%. Over the past year, she earned a return of $50,000 on her milliondollar portfolio of stocks and bonds. Because her tax rate is 20%, she paid $10,000 to the government. l ' | Cost of unexpected ination Altered tax liability Shoeleather costs e.Your father tells you that when he was your age, he worked for only $4 an hour. He suggests that you are lucky to have a job that pays $9 an hour. Menu costs Inoonvenienoe of a changing price level Altered tax liability