Shoe leather costs include the ________ due to the more frequent trips to the bank, the new cash management systems and the expanded employment in banks that inflation causes.
A) bracket creep and redistribution that occur
B) deflating and indexing that are necessary
C) substitution and price adjustment biases that arise
D) time and effort that are used up
Correct Answer:
Verified
Q99: When consumers substitute a cheaper good for
Q100: If all prices, including the price of
Q101: As the rate of inflation increases, the
Q102: The shoe leather costs of inflation include
Q103: Making more frequent, but smaller cash withdrawals
Q105: The phenomenon known as _ occurs when
Q106: Suppose a borrower and lender agree to
Q107: If a borrower and lender agree to
Q108: If workers and employers agree to a
Q109: To prevent people paying a higher percentage
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