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) being penalized via taxes for making more money in dollars, even though real purchasing power hasn't changed at all.
D) labor costs associated with inflation.