Shoe-Leather Costs Refer To

Multiple Choice

Shoe-leather costs refer to:

A) the money, time, and opportunity used to change prices to keep pace with inflation.
B) the time, money, and effort one has to spend managing cash in the face of inflation.
C) the higher taxes one must pay when earning a greater dollar amount, even though real purchasing power hasn't changed.
D) the labor costs associated with inflation.