The decline of the full-service wholesale houses CANNOT be traced to
a. competition from the marketing departments of large manufacturers.
b. many industries adopting the "continuous process" manufacturing.
c. the rise of brand identity.
d. All of the above are correct.
e. Only a and c are correct.
d. All of the above are correct.
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When the economy is in a recession, the Fed can ________ the federal funds rate, which ________ aggregate demand and ________ real GDP
A) lower; increases; decreases B) raise; decreases; increases C) lower; increases; increases D) raise; increases; decreases E) lower; decreases; decreases
If a person's compensated demand (or MWTP) curve is perfectly vertical, the good is borderline between regular inferior and Giffen for this consumer.
Answer the following statement true (T) or false (F)
The proposition that the velocity of money is fairly constant in the long run is known as the ________
A) neutrality of money B) classical dichotomy C) quantity theory of money D) Fisher effect E) none of the above
One small country has seen strong economic growth over the past few years. Which choice did its leaders most likely make ten years ago to put the country in this position?
a. They invested more and consumed less. b. They consumed more and invested less. c. They produced more consumption goods. d. They stopped acquiring capital goods.