Inflation confers no benefits on society, but it imposes several real costs. What among the following are costs of inflation? (A) Shoeleather costs associated with reduced money holdings (B) Menu cost associated with more frequent adjustmental prices (C) Increased variability of relative prices (D) Unintended changes in tax liabilities due to nonindexations of the tax code (E) Arbitrary redistribution of wealth associated with debts

Choose the correct answer from the options given below :

1
(A), (B), (C) only
2
(C), (D), (E) only
3
(B), (D), (A) only
4
(A), (B), (C), (D), (E)

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