When the Actual Change in the Price Level Differs from Its

question 95

Multiple Choice

When the actual change in the price level differs from its expected change,which of the following can explain why firms might change their production?

• A)both menu costs and mistaking a price level change for a change in relative prices
• B)menu costs but not mistaking a price level change for a change in relative prices
• C)mistaking a price level change for a change in relative price but not menu costs
• D)neither menu costs nor mistaking a price level change for a change in relative prices

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A mode in database and report generation software that allows users to create and modify the layout and structure of reports before printing or sharing.

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A feature in database and spreadsheet software that allows users to create and modify macros in a more visual and structured layout.

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An integrated development environment (IDE) from Microsoft used for editing Visual Basic code and developing macros for Excel and other Office applications.

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A programming language and environment developed by Microsoft that allows for automation and customization within Microsoft Office applications.