People go to the bank more frequently to reduce currency holdings when inflation is high. The sacrifice of time and convenience that is involved in doing that is referred to asa. inflation-induced tax distortion. b. relative-price-variability cost. c. shoeleather cost. d. menu cost
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Home » Business » People go to the bank more frequently to reduce currency holdings when inflation is high. The sacrifice of time and convenience that is involved in doing that is referred to asa. inflation-induced tax distortion. b. relative-price-variability cost.