Suppose Inflation Is Currently Running at 15% And, as a Result

question 22

Multiple Choice

Suppose inflation is currently running at 15% and, as a result, sales catalogues have to be reprinted every month.This is an example of:

• A)noise in the price system
• B)menu costs due to inflation
• C)an unexpected redistribution in wealth
• D)shoe-leather costs of inflation

---

Definitions:

Line Segments

Portions of a line defined by two endpoints, representing the shortest path between those two points.

Distance

The measurement of the space between two points.

Decimal

A numerical value that uses a decimal point to indicate a fraction of a base-10 number.

Y-axis

The vertical axis in a two-dimensional graph, typically used to represent the range or dependent variable in a function or data set.