Business
Business, 18.12.2019 05:31, nmartin5185

Shoeleather cost refers to:
a. resources used to maintain lower money holdings when inflation is high.
b. the distortion in resource allocation created by distortions in relative prices due to inflation.
c. the tendency to expend more effort searching for the lowest price when inflation is high.
d. the cost of more frequent price changes induced by higher inflation.

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Answers: 3

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Shoeleather cost refers to:
a. resources used to maintain lower money holdings when inflation...

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