Hierarchy of effects model is mostly used in ___
Fill in the blank(s) with the appropriate word(s).
Answer: advertising
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If people had been expecting prices to rise but in fact prices fell, then who among the following would benefit?
a. lenders and people holding a lot of currency b. lenders but not people holding a lot of currency c. people holding a lot of currency but not lenders d. neither lenders nor people holding a lot of currency
Jessica paid $7,000 for a bond with a face value of $6,000. She will be paid $400 annually as long as she holds on to the bond, until the bond's maturity date. The yield on the bond is
A) 6.67 percent. B) 5.71 percent. C) 15.0 percent. D) 80.0 percent.
As a possible approach to eliminating the government budget deficit, increasing taxes for everyone would
A. mean only a small increase in taxes. B. lead to a large increase in taxes for every worker. C. transfer more goods and services to the government sector. D. lead to an inflationary gap.
If a price support is maintained above the equilibrium price, the result will be a
A. Surplus of the product. B. Market price equal to the equilibrium price. C. Shortage of the product. D. Market price that is too low.