The "true" costs of inflation to an economy include all of the following except:
A. shoe-leather costs.
B. higher relative prices.
C. unexpected redistribution of wealth.
D. noise in the price system.
Answer: B
Economics
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A) $280,000 B) $2,200,000 C) $540,000 D) $1,400,000
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The business cycle is defined as
A) changes in the stock market. B) changes in financial markets. C) persistent growth in potential GDP. D) irregular ups and downs in production and jobs. E) the period of time during which the unemployment rate is rising.
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