Social Studies, 18.02.2020 17:30 Svetakotok

Inflation imposes many costs on the economy: shoe-leather costs, money illusion, menu costs, wealth redistribution, price confusion, future price level uncertainty, and tax distortions. For each of the following statements, determine the associated cost. Be careful! Some of the statements may not go into any of the categories because two categories are missing.

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Inflation imposes many costs on the economy: shoe-leather costs, money illusion, menu costs, wealth...