During periods of high inflation, stores that publish catalogs find it necessary to revise prices and publish new catalogs more frequently than before. This is an example of _____ costs.
A) unit-of-account
B) menu
C) shoe-leather
D) redistributive

Question

Quizplus · Accepted Answer

Menu costs refer to the costs associated with adjusting prices, such as the cost of reprinting catalogs or menus. During periods of high inflation, prices may need to be adjusted more frequently, leading to higher menu costs for businesses that publish catalogs.

During Periods of High Inflation, Stores That Publish Catalogs Find