All of the following are costs of expected inflation except

A) seigniorage.
B) menu costs.
C) velocity costs.
D) tax distortions.

C

Economics

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An example of capital is a tractor used by a farmer

Indicate whether the statement is true or false

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A perfectly inelastic demand would imply what kind of demand curve?

A. vertical B. horizontal C. downward sloping D. upward sloping

Economics