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AP® Macroeconomics

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Moderate

Costs of Inflation: House Prices Increase

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Richard is trying to sell his house in a country that is currently experiencing very high inflation. He is having difficulty finding a buyer at his asking price because prices in the real estate market are changing so quickly.

Which cost of inflation is Richard currently experiencing?

A

Shoeleather costs.

B

Variable costs.

C

Average costs.

D

Unit-of-account costs.

E

Menu costs.