People Go to the Bank More Frequently to Reduce Currency

question 91

Multiple Choice

People go to the bank more frequently to reduce currency holdings when inflation is high.The sacrifice of time and convenience that is involved in doing that is referred to as

• A)inflation-induced tax distortion.
• B)relative-price-variability cost.
• C)shoeleather cost.
• D)menu cost.

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Definitions:

Social Inclusion

The process of improving the terms for individuals and groups to take part in society, aiming to empower those who are marginalized or disadvantaged.

Employment Programs

Initiatives designed to help individuals find, secure, and retain jobs, often targeting specific groups such as the unemployed or underemployed.

March of Dimes

A nonprofit organization that works to improve the health of mothers and babies by preventing birth defects, premature birth, and infant mortality.

Socio-economic

Pertains to or involves both social and economic factors.