The costs imposed on a firm from changing listed prices is termed:
a. the nominal cost of inflation
b. the shoe-leather cost of inflation.
c. the menu cost of inflation.
d. the implied cost of inflation.
c
Economics
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Beginning in late 2010, the FDIC sought to increase the public's confidence in depository institutions by
A) eliminating insurance premiums for bank deposits. B) changing the scope of insurance to banks' assets. C) lowering insurance premiums for bank deposits. D) assessing insurance premiums on banks' total liabilities.
Economics
A country produces only apples and bananas. Moving from point A to point B along its production possibilities frontier, 5 apples are gained and 4 bananas are forgone. What is the opportunity cost of an apple?
A) 4/5 of a banana B) 5/4 of a bananas C) 4 bananas D) 1 apple E) None of the above answers is correct.
Economics