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

Question

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During periods of high inflation, stores need to revise their prices more frequently to keep up with the changing value of money. This is an example of menu costs. Publishing new catalogs requires time, effort, and money, which increases the menu costs for the stores.

During Periods of High Inflation, Stores That Publish Catalogs Find