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Suppose that, because of inflation, people in Lebanon economize on currency and go to the bank each day to withdraw their daily currency needs. This
Suppose that, because of inflation, people in Lebanon economize on currency and go to the bank each day to withdraw their daily currency needs. This is an example of _______. a. costs due to confusion and inconvenience b. costs due to inflation-induced relative price variability, which misallocates resources c. shoeleather costs d. costs due to inflation-induced tax distortions e. menu costs
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
