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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985
BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985

Solutions

Chapter
Section
Chapter 12, Problem 6CQQ
Textbook Problem

If an economy always has inflation of 10 percent per year, which of the following costs of inflation will it NOT suffer?

a. shoeleather costs from reduced holdings of money

b. menu costs from more frequent price adjustment

c. distortions from the taxation of nominal capital gains

d. arbitrary redistributions between debtors and creditors

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