When Inflation Rises,people Tend to Go to the Bank

question 82

Multiple Choice

When inflation rises,people tend to go to the bank

• A)more often,giving rise to menu costs.
• B)more often,giving rise to shoeleather costs.
• C)less often,giving rise to redistribution costs.
• D)less often,thereby lessening the severity of the inflation tax.

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Definitions:

Market Prices

The current price at which an asset or service can be bought or sold in a market.

Boot Camp Motif

A theme or design that draws inspiration from the structured, rigorous training programs found in military boot camps, often used metaphorically to describe intense training or reform programs.

Time Inconsistency

The economic concept that a person's preferences can change over time, often leading to choices that might contradict their long-term goals.

Self Control

the ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.