When Inflation Rises,firms Make

question 32

Multiple Choice

When inflation rises,firms make

• A)more frequent price changes.This raises their menu costs.
• B)more frequent price changes.This reduces their menu costs.
• C)less frequent price changes.This raises their menu costs.
• D)less frequent price changes.This reduces their menu costs.

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Definitions:

Resilience

The capacity to recover quickly from difficulties; toughness or the ability to bounce back from stress or adversity.

Bounce Back

The ability to recover quickly from difficulties; resilience.

Adapt

To make suitable adjustments to new conditions or a different environment in order to improve functionality or survival.

High Crime Area

A geographic location with a significantly higher rate of criminal activity compared to surrounding areas.