Which of the following is a cost of inflation?
Group of answer choices
relative price variability.
menu costs.
shoeleather costs.
All of the above are correct.
Cost of Inflation:
Option A is correct as it reduces the real value of your money.
Option B is correct as it force producers to change their menu. Rise in inflation cause restaurants, clubs, shopkeeper to change their hoarding, menu list.
Option C is correct as it reduces the real value of your money very fast such that people have to frequently visit banks to withdraw the money which result in rise shoeleather cost.
Option D is correct.
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