In Macroeconomics

question 143

Multiple Choice

In macroeconomics

• A) output and income are very different concepts.
• B) output and income are essentially identical.
• C) output is less than income.
• D) output is greater than income.
• E) income is measured in dollars but output is not.

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Definitions:

Monthly Payments

Regular payments made over a period of time, often used in the context of loans, mortgages, or subscription services.

Down Payment

An initial payment made when purchasing something on credit, typically a percentage of the total purchase price, indicating the buyer's commitment.

Assumptive Close

A sales technique where the salesperson assumes that the customer has already decided to purchase and moves directly to the closing of the sale.

Urgency Close

A sales technique that creates a sense of immediacy among potential buyers with the aim of quickly closing a deal.