The shoeleather cost of inflation refers to
A. the fall in real income associated with inflation.
B. the time spent searching for low prices when inflation rises.
C. the waste of resources used to maintain lower money holdings.
D. the increased cost to the government of printing more money.
Answer:C
The shoeleather cost of inflation refers to
A. the fall in real income associated with inflation.
 B. the time spent searching for low prices when inflation rises.
 C. the waste of resources used to maintain lower money holdings.
 D. the increased cost to the government of printing more money.
