Shoe-leather costs are the costs of____________.

a. having to change prices as inflation increases.
b. living adjustments as inflation increases.
c. the increased number of transactions as inflation increases.
d. the raw material used in production.

Shoe-leather costs, alongside reduced purchasing power and the redistribution of wealth, are part of the cost of inflation. Shoe-leather costs refer to all efforts made by individuals to mitigate the effects of inflation. This is usually achieved by saving more money or asking for more bank loans.

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Shoe-leather costs are the costs of____________. a. having to change prices as inflation increases. b. living adjustments as inflation increases. c. the increased number of transactions as inflation increases. d. the raw material used in production.

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Shoe-leather costs are the costs of____________.

a. having to change prices as inflation increases.
b. living adjustments as inflation increases.
c. the increased number of transactions as inflation increases.
d. the raw material used in production.