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 costs associated with more frequent adjustment of prices (C) Increased variability of relative prices (D) Unintended changes in tax liabilities due to non-indexation of the tax code (E) Arbitrary redistribution of wealth associated with debts Choose the correct answer from the options given below:
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