Menu costs arise from the way inflation

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Reference no: EM13744686

1. Menu costs arise from the way inflation:

a. changes interest rates

b. decreases real income

c. reduces productivity

d. requires the regular updating of prices

2. Unit-of-account costs arise from the way inflation makes...

a. people want to hold less money

b. money a less reliable source of measurement

c. interest rates increase

d. money becomes less of a store of value

3. Shoe-leather costs arise from the way inflation...

a. causes interest rates to increase

b. results in a decrease in real incomes

c. makes financial planning increasingly difficult

d. results in additional transaction costs

Reference no: EM13744686

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