Which of the following are costs incurred by people trying to protect themselves from the effects of inflation?
A)menu costs and shoeleather costs
B)menu costs but not shoeleather costs
C)shoeleather costs but not menu costs
D)menu costs but not shoeleather costs.

Question

Quizplus · Accepted Answer

Both menu costs and shoeleather costs are expenses incurred by individuals and businesses as they attempt to mitigate the effects of inflation. Menu costs refer to the costs associated with changing prices, while shoeleather costs refer to the increased effort and time spent managing cash holdings to avoid inflation's impact.

Which of the Following Are Costs Incurred by People Trying