Multiple Choice
Which of the following is an example of the "shoe- leather costs" of inflation?
A) An artificial rise in the capital gains tax.
B) The need to take more trips to the bank.
C) A rise in the cost of primary raw materials, like leather for shoes.
D) Miscalculations due to money illusion.
E) The increase in bank transactions fees.
Correct Answer:

Verified
Correct Answer:
Verified
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