Buying an Expensive Set of Underwear Is Most Likely an Attempt

question 81

Multiple Choice

Buying an expensive set of underwear is most likely an attempt to satisfy which category of need?

• A) physiological
• B) psychological
• C) spiritual
• D) social

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Definitions:

Aggregate Demand

The aggregate market demand for goods and services in an economic environment, valued at a specific price level within a certain timeframe.

MPC

Marginal Propensity to Consume, which is the proportion of any additional income that a consumer spends on goods and services.

Multiplier

An economic factor that quantifies the additional effects of a change in spending on the total economic activity.

Stabilization Policy

Government strategies aimed at reducing the amplitude of economic cycles in order to stabilize the economy, often involving fiscal or monetary policy adjustments.