People Had Been Expecting the Price Level to Be 120

question 5

Multiple Choice

People had been expecting the price level to be 120 but it turns out to be 122.In response Robinson Tire 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

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Definitions:

Consistency Result

Consistency result describes a situation in logic or mathematics where a set of statements or equations do not contradict each other and can coexist without generating errors.

Secondary Analysis

A research method involving analysis of existing data.

Code Analyze

The examination and evaluation of source code to identify errors, improve efficiency, and ensure that it meets all the necessary requirements or standards.

Participant Observation

Active participation by a researcher in a research setting; combines observation and participation in daily-life activities of research subjects (also known as fieldwork).