People Had Been Expecting the Price Level to Be 220

question 197

Multiple Choice

People had been expecting the price level to be 220 but it turns out to be 223. In response Green Leaf Paper Company increases the number of workers it employs. What could explain this?

• A)both sticky price theory and sticky wage theory
• B)sticky price theory but not sticky wage theory
• C)sticky wage theory but not sticky price theory
• D)neither sticky wage theory nor sticky price theory

---

Definitions:

Type 1 Diabetes

A chronic condition in which the pancreas produces little or no insulin, a hormone needed to allow glucose to enter cells to produce energy.

Insulin Shots

Injections of insulin used by individuals with diabetes to regulate their blood sugar levels.

Healthy Diet

A nutritional regimen that provides all the necessary nutrients in the right amounts and proportions for maintaining health and well-being.

Type 2 Diabetes

A persistent disorder that impacts how the body handles blood glucose, marked by a resistance to insulin.