Demand-pull inflation starts as the...
What will be an ideal response?
aggregate demand curve shifts rightward
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One of your classmates asserts that advertising, marketing research, and brand management are redundant expenditures because a firm can obtain the same information by simply looking at what customers are already buying
Which of the following is not a response you might offer her? A) If a firm successfully manages its brand, customers become less price sensitive as they perceive fewer substitutes for the firm's brand. B) Advertising and brand management allow a firm to create an entry barrier which will insulate the firm from competition and from undertaking further product innovations. C) Conducting market research is a good way for firms to keep abreast of changing consumer tastes and preferences. D) Marketing research could allow a firm to identify new market opportunities and at least, in the short run, a firm can make a profit supplying products to this market segment.
Money evolved out of the self-interested actions of
A) economists. B) governments. C) a few kings and queens. D) individuals.
Are there key differences between an increase in the capital stock and an improvement in the level of technology?
What will be an ideal response?
Stagflation means a
A. low rate of inflation coupled with a rate of unemployment below the natural rate. B. low rate of inflation coupled with a very high rate of unemployment. C. high rate of inflation coupled with a very low rate of unemployment. D. high rate of inflation coupled with a high rate of unemployment.