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Chapter 30: shoeleather costs [Choose] menu costs IM [Choose] [Choose ] relative-price variability and the misallocation of resources inflation-induced tax distortions [Choose ] confusion and

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Chapter 30: shoeleather costs [Choose] menu costs IM [Choose] [Choose ] relative-price variability and the misallocation of resources inflation-induced tax distortions [Choose ] confusion and inconvenience I Choose] arbitrary redistributions of wealth Chapter 30: Choose reduces money's ability to function as a unit of account occurs because as general prices rise, a fixed dollar price translates into a declining relative price, so the relative prices of goods are causes distortions in incentives because people are taxed on their nominal capital gains and interest income instead of their real income Unexpected inflation redistributes wealth between borrowers and lenders occur when people spend resources changing their posted prices arise because inflation causes people to spend resources going to the bank more often [Choose] relative-price variability and the misallocation of resources

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