Consider a Simple Macro Model with a Constant Price Level

question 111

Multiple Choice

Consider a simple macro model with a constant price level and demand-determined output.The equations of the model are: C = 120 + 0.86Y,I = 300,G = 520,T = 0,X = 180,IM = 0.12Y.If national income is 2400,then desired aggregate expenditure is

• A)1120.
• B)1776.
• C)2896.
• D)3184.
• E)3472.

Distinguish between utilitarian and hedonic motives for social shopping.

Define social commerce and its impact on consumer decision-making processes.

Understand the impact of customer reviews and ratings on E-Retailing.

Recognize the characteristics of different social commerce approaches.

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Definitions:

Bank Service Charges

Fees charged by banks for the use of their services, such as account maintenance fees, transaction fees, and overdraft charges.

Outstanding Cheques

Checks that have been written and recorded by a company but have not yet been cleared or deducted from the bank account balance.

Bank Reconciliation

This is a process of matching and comparing an organization's financial records with the bank statements to ensure consistency and accuracy.

Deposits In Transit

Funds that have been recorded by a company but not yet by its bank, typically because the deposit was made after the bank's cutoff time.