中等ECON-INFL-003
A restaurant reprints its price list every month during inflation, and shoppers make extra bank trips so they can hold less cash. Which pairing is correct?
A. Reprinting is a shoe-leather cost; the extra trips are cyclical unemployment
B. Both are crowding out
C. Both disappear only when inflation is unanticipated
D. Reprinting is a menu cost; the extra trips are a shoe-leather cost✓ 答案
解說
Menu costs are resources used to change listed prices. Shoe-leather costs are time and effort spent economising on money balances. Both can remain when inflation is anticipated. They are not crowding out.