Which term below describes the situation in which consumers fight higher than normal inflation by withdrawing funds from banks more often than usual and spending the money, rather than holding in banks? a. Shoeleather costs b. Nominal variables c. Fisher effects d. Menu costs

Which term below describes the situation in which consumers fight higher than normal inflation by withdrawing funds from banks more often than usual and spending the money, rather than holding in banks? a. Shoeleather costs b. Nominal variables c. Fisher effects d. Menu costs

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: Money Growth And Intlation

Section: Chapter Questions

Problem 6CQQ

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a. Shoeleather costs

b. Nominal variables

c. Fisher effects

d. Menu costs

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