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Debora [2.8K]
3 years ago
10

Inflation can impose significant costs and adversely distort economic systems. Indicate whether the costs and distorting effects

exemplify menu costs, shoe leather costs or unit of account costs. a. discourages people from holding money. b. can reduce the quality of economic decisions. c. can lead to stores listing prices in more stable currencies. d. spending time converting money into something that better holds value. e. makes money a less reliable source of measurement. f. can cause distortion to the tax system. g. causes difficulty in firms and individuals financial planning. h. causes costs associated with changing prices in stores.1. Menu costs.2. Shoe-leather-costs. 3. Unit-of-account costs.
Business
1 answer:
kaheart [24]3 years ago
3 0

Answer:

1. Menu costs

- Can lead to stores listing prices in more stable currencies.

- Causes costs associated with changing prices in stores.

2. Shoe-leather-costs

- Discourages people from holding money.

- Spending time converting money into something that better holds value.

3. Unit-of-account costs

- Can reduce the quality of economic decisions.

- Makes money a less reliable source of measurement.

- Can cause distortion to the tax system.

- Causes difficulty in firms and individuals financial planning.

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b.

Amortization of intangible assets  : Added

Decrease in accounts payable  : Decrease

Decrease in accounts receivable  : Added

Decrease in accrued and other current liabilities    : Decrease

Decrease in inventory  : Added

Decrease in prepaid expenses  : Added

Depreciation  : Added

Gain on disposal of property    : Decrease

Increase in accounts payable  : Added

Increase in accrued and other current liabilities  : Added

Increase in accounts receivable    : Decrease

Increase in inventory    : Decrease

Increase in prepaid expenses    : Decrease

Losses on disposal of property: Added

Other items involving noncash expenses  : added

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