Multiple Choice
You have to pay costs for your business now,but you also have to enter into contracts to pay wages and supply costs in the future.If inflation occurs,the best term for the problem that arises in this case is
A) menu costs.
B) price confusion.
C) future price uncertainty.
D) deflationary price pressures.
E) present value/future value uncertainty.
Correct Answer:
Verified
Correct Answer:
Verified
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