What is the cost of transactions as it relates to the harm caused by inflation?
A) The cost associated with the time and effort of managing your spending.
B) The cost of the products whose prices are rising.
C) Production costs plus profit.
D) The cost of the BLS market basket.

Question

Quizplus · Accepted Answer

If high levels of inflation occur, people spend more time and effort trying to avoid the effects of inflation on their spending, and this time and effort are costly.

What Is the Cost of Transactions as It Relates to the Harm