People Use More Resources to Reduce Their Money Holdings Because

question 103

Multiple Choice

People use more resources to reduce their money holdings because of high inflation. What is this an example of?

• A) inflation-induced tax distortions
• B) resource misallocation costs
• C) shoe leather costs
• D) menu costs

---

Definitions:

Jeffrey Wigand

A whistleblower in the tobacco industry known for exposing corporate practices concerning the addictive nature and health effects of cigarettes.

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Unethical Behaviour

Actions that violate moral or professional principles, often harming others or compromising ethical standards.

High Need for Power

Refers to individuals who have a strong desire to influence, control, or command over others.