Suppose the Economy Was Initially in a Long-Run Equilibrium

question 105

Multiple Choice

Suppose the economy was initially in a long-run equilibrium. Then the world economy expands so that foreign incomes rise. U.S. aggregate demand _____________and eventually the money wage rate_____________

• A) decreases; falls
• B) increases; falls
• C) decreases; rises
• D) increases; rises

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Definitions:

Marketing Activities

Actions or tasks aimed at promoting and selling products or services to target customers.

High-quality

Products or services that meet or exceed customer expectations in terms of performance, durability, or satisfaction.

Marketing Mix

The combination of elements (product, price, place, promotion) used by a business to achieve its marketing objectives and satisfy customer needs.

Paralympic Teams

Sports teams composed of athletes with disabilities who compete in the Paralympic Games, an international multi-sport event parallel to the Olympics.