Because the Inflation Rate Is So High Wanda Refuses to Carry

question 100

Multiple Choice

Because the inflation rate is so high Wanda refuses to carry cash. Even though it is a bother, she now goes to the ATM twice as often to get the cash she needs. Wanda's actions are an example of the

• A)tax distorting costs of inflation.
• B)uncertainty costs of inflation.
• C)shoe-leather costs of inflation.
• D)tax costs of inflation.
• E)confusion costs of inflation.

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Definitions:

Friedrich Anton Mesmer

An 18th-century German physician who proposed the theory of animal magnetism and is considered a precursor to the field of hypnosis.

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Hysterical Disorders

Older term for conditions now referred to as conversion disorders, characterized by neurological symptoms without a medical cause.

Eugenics

A controversial and largely discredited philosophy advocating the improvement of human genetic traits through various forms of intervention and selective breeding.