The increased costs of transactions caused by inflation are known as _____
a. menu costs
b. shoe-leather costs
c. unit-of-account costs
d. direct costs
b
Economics
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If a wage profile is relatively flat, wage compression may be present
Indicate whether the statement is true or false
Economics
All final goods and services that make up GDP can be expressed in the form:
a. GDP = C + I + G + (X + M). b. GDP = C + I – G + (X + M). c. GDP = C + I + (X – M). d. GDP = C + I + G + (X – M).
Economics