Which of the following costs of inflation can be significant even if actual inflation and expected inflation are the same?
a. menu costs
b. inflation tax
c. shoeleather costs
d. All of the above are correct.
d
Economics
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Refer to Cournot Problem. In the Nash Equilibrium, the deadweight loss will be
a. $300 b. $450 c. $600 d. $900
Economics
Which of the following is NOT a direct determining factor of consumers' purchase decisions?
A) Consumers' tastes and preferences B) Market price of the finished goods C) Cost of factor inputs D) Consumers' income
Economics
Refer to Figure 2-13. Which two arrows in the diagram depict the following transaction: Carter earns a $400 commission for selling men's designer shoes at Brooks Brothers
A) K and G B) K and M C) J and G D) J and M
Economics
If a country's annual growth rate is 2%, then its output will double in approximately ____ years
a. 2 b. 10 c. 25 d. 35
Economics