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Identifying costs of inflation menu shoe - leather Nick manages a grocery store in a country experiencing a high rate of inflation. He is p
Identifying costs of inflation
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shoeleather
Nick manages a grocery store in a country experiencing a high rate of inflation. He is p many goods as he can for himself for the next two weeks in order to prevent the mone unitofaccount yday, he immediately goes out and buys as converts into a more stable foreign currency for a steep fee. This is an example of the shoeleather In losing value. What he can't spend, he costs of inflation.
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