asti _ MAE + uelis..6JLUXLABELIn.Naked wardrobe, Tr- \"Exam Extra Credit O- ave

Question

asti _ MAE + uelis..6JLUXLABELIn.Naked wardrobe, Tr- "Exam Extra Credit O- ave not yet completed this question st one additional response is required. Chapter 8: The Price Level and Inflation Page(s) 261-263 82.What problems does inflation bring? Mary owns a seafood restaurant. What problems might Mary face due to steady inflation? Drag wordf's) below to fill in the blankís) in the passage Mary's costs will rise, and for revenue to keep pace she will have to consistent with inflation.If Mary mistakenly believes the rising price of seafood is the result of increased she may misdirect restaurant resources. This would be an example of price confusion to keep her prices price level uncertaintydemandsupply deal with menu costs find a cheaper vendor 4 6 9

Explanation / Answer

Mary's costs will rise, and for revenue to keep pace she will have to deal with menu costs to keep her prices consistent with inflation. If Mary mistakenly believes the rising price of seafood is the result of increased price level uncertainity, she may misdirect restaurant resources.

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