During rapid price inflation, firms must frequently change prices. The cost of changing listed prices is known as the _____ cost.
A) menu
B) real interest rate
C) shoe-leather
D) unit-of-account
Correct Answer:
Verified
Q203: Annie's credit union charges a fee for
Q204: Unit-of-account costs refer to the:
A) increase in
Q205: Menu costs refer to the increased cost
Q206: Unexpected inflation _ lenders and _ borrowers.
A)
Q207: During deflation, the:
A) general price level falls.
B)
Q209: Unanticipated inflation:
A) increases the value of money.
B)
Q210: When inflation rises quickly, borrowers will _
Q211: Deflation is a(n):
A) decrease in the purchasing
Q212: Unanticipated inflation does NOT:
A) reduce the value
Q213: Costs of inflation do NOT include _
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