An Economy's Potential Output Is Equal to $232 Billion,and Its

question 167

Multiple Choice

An economy's potential output is equal to $232 billion,and its current output is equal to $230 billion.To return the economy to long-run equilibrium,the government should

• A) increase spending by $2 billion.
• B) decrease spending by $2 billion.
• C) increase spending by more than $2 billion.
• D) increase spending by less than $2 billion.
• E) decrease spending by less than $2 billion.

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Definitions:

Customer Order

A request made by a customer to purchase goods or services from a business.

Four Ps

A marketing mix model that includes Product, Price, Place, and Promotion, used to consider the key factors involved in marketing goods and services.

Marketing Mix

A foundational model in marketing that describes the various elements that can be controlled by a company to influence consumers to purchase its products. It traditionally includes product, price, place, and promotion.

Logistics

Refers to the detailed coordination of a complex operation involving many people, facilities, or supplies.