Which of the Following Is Not an Element Within the Macroenvironment

question 16

Multiple Choice

Which of the following is not an element within the macroenvironment?

• A)industry forces
• B)social forces
• C)economic forces
• D)political-legal forces

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Definitions:

Inflation Rate

The annual rate at which the cost of goods and services rises within an economy, reflecting a growth in price levels over time.

Price Level

An indicator of the mean cost of goods and services within an economy at a particular moment.

Money-Supply Curve

A graphical representation showing the relationship between the quantity of money supplied and the interest rate.

Open-Market Sale

The selling of government securities in the open market to reduce the money supply and control inflation.