v G ng.cengage.com C + Student Portal | Main h ECN-351 Class Resources Mind Tap - Cengage Learning CENGAGE | MINDTAP Q Search this course ? Topic 7 Assignment X Back to Assignment Attempts Average / 7 E 6. Ch. 22 Problems and Applications Q5 A-Z 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. EI 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 bongo Rina O O O ? A+ Now suppose that in 2020 the price of beans was $2 and the price of rice was $4.80. C+ 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 O Rina O O Ov G ng.cengage.com C + Student Portal | Main h ECN-351 Class Resources Mind Tap - Cengage Learning CENGAGE |MINDTAP Q Search this course ? Topic 7 Assignment X Better Off Worse Off Unaffected Musashi O O Rina O O O E Now suppose that in 2020 the price of beans was $2 and the price of rice was $4.80. A-Z is case, inflation was % EI 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 O Now suppose that in 2020, the price of beans was $2 and the price of rice was $1.60. bongo In this case, inflation was % (? At 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 O Rina O O O What matters more to Musashi and Rina? The relative price of rice and beansv G ng.cengage.com C + Student Portal | Main h ECN-351 Class Resources Mind Tap - Cengage Learning CENGAGE | MINDTAP Q Search this course ? Topic 7 Assignment X Now suppose that in 2020 the price of beans was $2 and the price of rice was $4.80. In this case, inflation was % E Indicate whether Musashi and Rina were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected A-Z Musashi O O O EI 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 pongo Musashi O O O ? A+ Rina O O O What matters more to Musashi and Rina? The relative price of rice and beans O The overall inflation r Grade It Now Save & Continue Continue without saving