A tie-in sale is a business practice where a business:
A. requires a customer of a product to purchase another product.
B. requires another business to purchase its product.
C. gives a customer a discount on future purchases of the same product.
D. gives a customer a discount on future purchases of a different product.
Answer: A
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Use the following graph to answer the next question.
In the figure, AD1 and AS1 represent the original aggregate supply and demand curves. If Q1 is full-employment output, then the long-run aggregate supply curve is located at output level ________.
A. Q2 B. Q1 C. Q3 D. None of these choices are correct.
Why is the economy at full employment in the long run?
A) Only wages have the ability to adjust. B) Only price can adjust. C) Prices don't adjust. D) Wages and the price level eventually adjust to full employment equilibrium levels. E) Government policies eventually converge on the full employment strategy.
Which of the following definitions of the money supply includes only the most liquid forms of money?
A. M1 B. M2 C. Savings deposits D. Money market mutual deposits
Which of the following equations is correct?
A. rate of growth of per capita real Gross Domestic Product (GDP) = rate of growth in real GDP + rate of growth of population B. rate of growth in real Gross Domestic Product (GDP) = rate of growth of per capita real GDP - rate of growth of population C. rate of growth in real Gross Domestic Product (GDP) = rate of growth of per capita real GDP - rate of growth of population D. rate of growth of per capita real Gross Domestic Product (GDP) = rate of growth in real GDP - rate of growth of population