Multiple Choice
Suppose that, because of inflation, people in Zimbabwe go to the bank each day to withdraw their daily currency needs.This is an example of
A) costs due to inflation induced relative price variability, which misallocates resources.
B) menu costs.
C) shoeleather costs.
D) costs due to inflation induced tax distortions.
E) costs due to confusion and inconvenience.
Correct Answer:
Verified
Correct Answer:
Verified
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