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Shoeleather costs refer to Question 40 options: the cost of more frequent price changes induced by higher inflation. resources used to maintain lower money holdings
Shoeleather costs refer to Question 40 options: the cost of more frequent price changes induced by higher inflation. resources used to maintain lower money holdings when inflation is high. the distortion in incentives created by inflation by taxes that do not adjust for inflation. the distortion in resource allocation created by distortions in relative prices due to inflation
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
