The Time, Money, and Effort One Has to Spend Managing

question 160

Multiple Choice

The time, money, and effort one has to spend managing cash in the face of inflation is referred to as:

• A) shoe-leather costs.
• B) menu costs.
• C) tax distortions.
• D) the velocity of inflation.

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Definitions:

Natural Resources

Assets that are found in nature and are used in the production of goods and services, such as timber, oil, and minerals.