The Menu Cost Theory Suggests That

question 114

Multiple Choice

The menu cost theory suggests that

• A)there will be no unemployment.
• B)wages and prices move freely and quickly.
• C)firms find frequent price changes to be costly.
• D)the economy is characterized only by perfect competition.

---

Definitions:

Convulsive Seizures

A type of seizure involving sudden, rapid muscle contractions and sometimes loss of consciousness.

Freebase Cocaine

A form of cocaine that can be smoked, having a base form as opposed to the salt form found in powdered cocaine.

Water Pipe

A device for smoking in which smoke passes through water to cool it before being inhaled, commonly used for tobacco, and sometimes for cannabis.

Smoked

Refers to the process of exposing an item or substance to smoke, often used in food preservation or recreational drug use.