If Constant- Dollar National Income Decreased by $6 Billion Over

question 16

Multiple Choice

If constant- dollar national income decreased by $6 billion over a one- year period, then it must be true that

• A)aggregate output decreased and the price level increased.
• B)the level of individual output decreased.
• C)aggregate output decreased.
• D)aggregate output increased and the price level decreased.
• E)the price level decreased.

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Definitions:

Communication

The process of exchanging information, ideas, or feelings between individuals or groups, typically through a common system of symbols, signs, or behavior.

Interactive Communication

A process of exchanging information where both parties participate actively and influence each other’s messages.

Consumer Convenience

The ease and freedom from difficulty that consumers experience in accessing, purchasing, and using goods or services, influencing their satisfaction and loyalty.

Customize

To modify or tailor a product or service according to specific requirements or preferences of the customer.