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Menu costs refers to Question 44 options: resources used by people to maintain lower money holdings when inflation is high. resources used to price shop during times of high inflation. the distortion in incentives created by inflation when taxes do not adjust for inflation. the cost of more frequent price changes induced by higher inflation.

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Menu costs refers to The cost of more frequent price changes induced by higher inflation.

Which of the following helps to explain why the inflation fallacy is a fallacy?

  • The rise in nominal income typically coincides with an increase in the price level.

Which of the following would most likely be called a hyperinflation?

  • The average annual price rise was 300 percent.

What is inflation fallacy?

  • The inflation fallacy is the misconception that a rise in prices results in a corresponding decrease in purchasing power.
  • Many economists contend that this is untrue because every purchase represents the income of a different person.

Learn more about  inflation fallacy here:

https://brainly.com/question/17351923

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