Which of the following is an example of the shoeleather costs of inflation?
a. tito's restau...
Social Studies, 18.11.2019 21:31 dondre54
Which of the following is an example of the shoeleather costs of inflation?
a. tito's restaurant has to print new menus to update its prices compared to other prices in the economy
b. during bolivia's hyperinflation, workers rushed to immediately convert their wages from pesos to black-market dollars
c. beto sells stocks and earns a real capital gain of $50, but is taxed for the nominal capital gain of $75
d. the after-tax real interest rate is lower when inflation is higher
Answers: 3
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