Question
Gemini x Documen x econ 144 x Sylabus x Your visit x texas roa x Order Co x +
om/sac/10642213#/10642213/15/-1
A
00 26
?
16 of 30 >
Macmillan Learning
Next Question
MIN SEC
In the May 2, 2006 New York Times article "How Bad Is Inflation in Zimbabwe?," Mike Davies, the chairman of a
civic-watchdog group called the Combined Harare Residents Association, is quoted as saying, "If you need something and have
cash, you buy it. If you have cash, you spend it today, because tomorrow it's going to be worth 5% less."
Which problem of inflation did Mike Davies describe?
? money illusion
? menu costs
? shoeleather costs
? price confusion
Michael Wines, "How Bad Is Inflation in Zimbabwe?" The New York Times May 2, 2006.