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peachdeer828Lv1
28 Sep 2019
Larry manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This is an example of the __________ of inflation.
a. menu costs
b. shoe-leather costs
c. unit-of-account costs
Larry manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This is an example of the __________ of inflation.
a. menu costs
b. shoe-leather costs
c. unit-of-account costs
2
answers
0
watching
84
views
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Divya SinghLv10
28 Sep 2019
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