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Summit Diner is a diner built in the late thirties located in Summit, New Jersey. [1] The business opened in 1929. The original building was replaced with the current building constructed by the Jerry O'Mahony Diner Company in 1938. [2] Food writer, Peter Genovese, considered Summit Diner a quintessential diner.
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Summit is the northernmost city of Union County, in the U.S. state of New Jersey, located within the New York metropolitan area.Situated on a ridge in northern–central New Jersey, the city is located within the Raritan Valley and Rahway Valley regions, and also borders both Essex and Morris counties in the Passaic Valley region.
So, the higher the inflation rate, the lower the menu cost. The two may be a clear positive correlation. But the actual situation may not be the case. Mikhail Golosov et al. found in a 2007 study that the real cause of menu cost changes (i.e. menu price adjustments) comes from idiosyncratic shocks – kind of unexpected shocks.
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Summit is a train station in Summit, New Jersey, served by New Jersey Transit's Morris & Essex Lines (the Gladstone Branch and Morristown Line).The station sits between Union Place on the north and Broad Street on the south, with station access via either side, and between Summit Avenue on the east and Maple Avenue on the west.