5. (6 points) Pick ONE of the Societal Costs of Inflation (slide 30 from Chapter 17) and explain it to me. (For 1 point extra
5. (6 points) Pick ONE of the Societal Costs of Inflation (slide 30 from Chapter 17) and explain it to me. (For 1 point extra credit, tell me what our target inflation rate is in the U.S.)Societal costs of Inflation -Shoeleather Costs -Menu Costs -Relative-Price Variability -Inflation-Induced Tax Distortions -Confusion and Inconvenience -Redistributions of Wealth
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