The shoeleather cost of inflation refers to a:

a. the increased cost to the government of printing more money.
b. the waste of resources used to maintain lower money holdings.
c. the redistributional effects of unexpected inflation.
d. the time spent searching for low prices when inflation rises.

. the waste of resources used to maintain lower money holdings. 

Explanation:

The shoeleather cost of inflation refers to the cost of trying to negate the effects of inflation by trying to economise their money holdings.

Inflation is a persistent rise in general price levels.

I hope my answer helps you

answer; i believe the correct answer is (a) purchase of treasury stock;

answer; standing committee;