Inflation induces people to spend more resources maintaining lower money holdings. The costs of doing this are called shoeleather costs
a. True
b. False
Indicate whether the statement is true or false
True
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In reference to short-term economic fluctuations, the "peak" refers to:
A. a particularly strong and protracted expansion. B. the high point of economic activity prior to a recovery. C. a period in which the economy is growing at a rate significantly above normal. D. the high point of economic activity prior to a downturn.
The gap between rich and poor countries is likely to be greatest for
a. life expectancy b. literacy rate c. per capita income d. moral development e. years of education
The law of one price states that
A) most countries require that all entering goods have the same price. B) most countries require that all exported goods have the same price. C) identical goods should have the same price anywhere in the world. D) most countries require that the price of a good not be changed once it is already in a store and available for sale.
How can improvements in statistical analysis of financial data cause the amount of information in financial markets to decline?
What will be an ideal response?