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Costs of Inflation: Shoe-leather Costs and Menu Costs
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Problem 10
Costs of Inflation: Shoe-leather Costs and Menu Costs
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12. Unemployment and Inflation / Costs of Inflation: Shoe-leather Costs and Menu Costs / Problem 2
Problem 2
A restaurant changes its menu prices weekly due to inflation. What type of cost is this an example of?
A
Phantom income costs
B
Menu costs
C
Shoe-leather costs
D
Tax costs
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