Advertisement in which firms aim messages to as many customers as possible via media is known as
A. direct marketing.
B. mass marketing.
C. indirect marketing.
D. interactive marketing.
Answer: B
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Suppose a decrease in the supply of wheat results in an increase in revenue. This indicates that
A) the demand curve for wheat must be vertical. B) the resulting increase in price is proportionately greater than decrease in quantity sold. C) the decrease in quantity sold is proportionately larger than the resulting change in price. D) the supply curve for wheat must be vertical.
In a repeated game, deterring entry
A) is not possible. B) is not a rational strategy if money is lost fighting the first potential entrant. C) may require losing money fighting the first potential entrant. D) cannot form a subgame perfect Nash equilibrium.
According to the rational expectations hypothesis, monetary policy can have real effects on such variables as real Gross Domestic Product (GDP) in the short run
A) only when the policy is anticipated. B) only when the policy is unsystematic and unanticipated. C) regardless of whether the policy is anticipated or unanticipated. D) when the Federal Reserve's open market committee operates as expected in either buying or selling bonds.
If AS increases at a faster rate than AD, the result will be
a. demand-side inflation. b. supply-side inflation. c. falling prices. d. stable prices.