Economists Call the Physical Cost of Changing Prices

question 153

Multiple Choice

Economists call the physical cost of changing prices

• A) the cost of doing business.
• B) menu costs.
• C) inflationary suffrage.
• D) increasing profits.

---

Definitions:

Complex

Consisting of many different and connected parts.

Simple

Easily understood or done; presenting no difficulty, or in logic, referring to an uncompounded statement or idea.

Implausible

Something that appears unlikely or difficult to believe based on available evidence or common sense.

Explanation

A statement or account that makes something clear by describing the relevant facts, reasons, or processes underlying a particular phenomenon or event.