Identify which cost of inflation—menu costs or shoe-leather costs—is illustrated in each of the scenarios. a. During the German hyperinflation of 1921‐1923, some workers reportedly were paid two to three times per day. They would then rush out to spend their earnings before they became nearly worthless.

This is an example of:

1. menu costs.
2. shoe‑leather costs.

b. A hyperinflation in Zimbabwe was so severe that, according to one observer of supermarket employees, they were "running around that store with label makers, changing the prices three, four times a day."

This is an example of:

1. menu costs.
2. shoe‑leather costs.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.