People Had Been Expecting the Price Level to Be 140

question 60

Multiple Choice

People had been expecting the price level to be 140 but it turns out to be 138.Johnson Family Restaurants 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:

Wallerstein's Theory

Refers to the world-systems theory, which analyzes the world economy as a complex system structured by capitalist exploitation and nation-state competition.

Cultural Domination

The imposition of the customs, behaviors, practices, and beliefs of one culture over another, often resulting in the suppression of the dominated culture's values.

Colonization

The action or process of settling among and establishing control over the indigenous people of an area.

Legal Domination

Legal domination is a concept in sociology referring to a form of authority where individuals or groups exert control through a system of laws and regulations that are formally established and often enforced by a state.