During periods of high inflation, stores that publish catalogs find it necessary to revise prices and publish new catalogs more frequently than they did before. This is an example of menu costs.

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Menu costs refer to the costs incurred by firms to adjust their prices. During periods of high inflation, firms may need to adjust their prices more frequently, resulting in higher menu costs. In the case of stores that publish catalogs, they would need to revise and reprint their catalogs more frequently, which is an example of menu costs.

During Periods of High Inflation, Stores That Publish Catalogs Find