In the Simplest Macroeconomic Model,with a Closed Economy and No

question 86

Multiple Choice

In the simplest macroeconomic model,with a closed economy and no government,the aggregate expenditure (AE) function is the sum of

• A)saving and desired investment.
• B)consumption and disposable income.
• C)desired consumption and desired investment.
• D)consumption and saving.
• E)actual consumption and actual investment.

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Definitions:

Quality

The extent to which a service or product satisfies or goes beyond what customers hope for.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage.

Marketing Mix

A set of actions, or tactics, that a company uses to promote its brand or product in the market, traditionally defined as the 4Ps: Product, Price, Place, and Promotion.

Place

In marketing, refers to the distribution aspect and how and where products are made available to consumers.