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Confusion and inconvenience costs arise wheninflation a. improves the store of value function of money. b. reduces the real value of the unit of account.
- Confusion and inconvenience costs arise wheninflation
a. | improves the store of value function of money. |
b. | reduces the real value of the unit of account. |
c. | introduces tax distortions on capital gains. |
d. | reduces the real debt burden owed by borrowers. |
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