A successful advertising campaign would likely
a. increase price elasticity of demand by stressing the uniqueness of the product.
b. reduce price elasticity of demand by stressing the uniqueness of the product.
c. reduce price elasticity of demand by informing consumers of the availability of substitutes.
d. not alter the demand curve.
e. generally make the demand curve shift inward.
B
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If depreciation exceeds gross investment, net investment is negative
Indicate whether the statement is true or false
Higher prices and price increases combined with lower real output and income, resulting from a major increase in input prices in the economy is called:
A) deflation. B) inflation. C) stagflation. D) none of the above.
Evidence in support of the efficient markets hypothesis includes
A) the failure of technical analysis to outperform the market. B) the small-firm effect. C) the January effect. D) excessive volatility.
If the actual price level is higher than the expected price level, the economy will: a. have no structural unemployment. b. experience a recession
c. experience stagflation. d. expand output in the short run. e. have no seasonal unemployment.