Menu costs refer to: a. the money, time, and opportunity used to change prices to keep pace with inflation. b. the time, money, and effort one has to spend managing cash in the face of inflation c....

Menu costs refer to:

a. the money, time, and opportunity used to change prices to keep pace with inflation.

b. the time, money, and effort one has to spend managing cash in the face of inflation

c. being penalized via taxes for making more money in dollars, even though real purchasing power hasn't changed at all

d. None of these statements is true

Unpredictable inflation can cause businesses:

a. to have a hard time planning future production

b. to cease production until they know how to adjust for inflation

c.to restrict output and stockpile inventory.

d. None of these statements is true.