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$7.$ Identifying costs of inflation

menu costs

shoe$-$leather costs

Taylor owns and operates a store in a country experiencing a hic falling too quickly, Taylor sends an employee to the bank four tir

unit$-$of$-$account costs der to prevent the value of money in her cash register from posits in an interest$-$bearing account that protects the store's revenues from the effects of inflation. This is an example of the $q,$ of inflation.

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