Examlex
____ are most threatened with extinction because of human activities.
Price Level
A measure of the average prices of goods and services in an economy, which can affect purchasing power and inflation.
Inflation
The speed at which overall prices for products and services increase, leading to a decline in buying power.
Price Changes
Adjustments in the cost of goods and services in the market, often influenced by factors like supply and demand, inflation, and government policies.
Menu Costs
Menu costs are the costs to firms of changing their prices, including the physical costs of changing price tags and the intangible costs of updating pricing information.
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