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During times of high inflation, people tend to hold less money and make more trips to the bank for withdrawals. The extra fuel and time
During times of high inflation, people tend to hold less money and make more trips to the bank for withdrawals. The extra fuel and time needed to make these trips are examples of Question 32 options: a) tax distortions. b) money illusions. c) shoe-leather costs. d) menu costs. e) wealth redistribution costs
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