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If inflation could be always perfectly anticipated, then which of the following statements is FALSE? Multiple Choice There would be no tax distortions. There would
If inflation could be always perfectly anticipated, then which of the following statements is FALSE? Multiple Choice There would be no tax distortions. There would be no costs to society from inflation. There would be no shoe-leather costs. There would be no menu costs. People who hold currency would experience no loss of purchasing power
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