Question:

13. When there is high inflation in the economy, if consumers make frequent, but smaller cash withdrawals from banks, then it _______________ the inflation losses from holding cash and _________________ the shoeleather costs of inflation.

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14. If the price of houses increases by 10% while the price of other goods and services are rising by 10% on average, then the relative price of houses has:

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When there is high inflation in the economy, if consumers make frequent, but smaller cash withdrawals from banks, then it the inflation losses from holding cash and the shoeleather costs of inflation. O decreases, decreases O decreases, increases O increases, decreases O increases; increasesIf the price of houses increases by 10% while the price of other goods and services are rising by 10% on average, then the relative price of houses has: increased 5%. O may have either increased or decreased. increased 10%. @ remained constant