Question

select all that apply. shoe - leather costs often refer to ________ more than one answer may be correct. distortion in tax policy a true cost of inflation economizing cash holdings redistributions of wealth

Explanation:

Shoe - leather costs in economics refer to the costs of reducing cash - holdings to avoid the effects of inflation. This includes the time and effort spent in economizing cash holdings. Also, inflation can cause distortions in tax policy and redistributions of wealth, which are related to the overall economic impacts associated with shoe - leather costs. The true cost of inflation encompasses various aspects including shoe - leather costs.

Answer:

A. distortion in tax policy
B. a true cost of inflation
C. economizing cash holdings
D. redistributions of wealth