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The "Shoe-Leather" Cost of a Fully Anticipated Inflation Is

Question 26

Multiple Choice

The "shoe-leather" cost of a fully anticipated inflation is


A) the inconvenience of holding less cash.
B) the higher prices of imported raw materials due to currency depreciation.
C) the extra time spent on shopping in order to beat price increases.
D) the effort of changing posted prices on price tags and producing new price lists and catalogs.

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