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    Macroeconomics Study Set 12
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    Exam 10: The Goals of Stabilization Policy: Low Inflation and Low Unemployment
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    "Shoe-Leather Costs" Refer to
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"Shoe-Leather Costs" Refer to

Question 47

Question 47

Multiple Choice

"Shoe-leather costs" refer to


A) a cobbler's payment for leather.
B) "rubber costs" on today's shoes.
C) the inconvenience imposed by higher interest rates.
D) financial deregulation of retail business firms.

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