Which of the Following Can Be Concluded About the Long-Run

question 136

Multiple Choice

Which of the following can be concluded about the long-run performance of the U.S.economy?

• A)It has been able to create employment opportunities but only at the cost of high inflation.
• B)It has failed to generate sufficient aggregate demand in the economy.
• C)It has been one of the most productive economies in the world in terms of growth in real GDP.
• D)It has focused fiscal policies mostly at improving aggregate supply.
• E)It has suffered from huge fiscal deficits that dampened economic growth.

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Definitions:

Adoption

The act of accepting, taking up, or starting to use something new or different, such as technology or practices.

Hierarchy of Effects

A framework outlining the steps a consumer takes, beginning with awareness and progressing through knowledge, appreciation, preference, conviction, to ultimately making a purchase.

Awareness

The state or level of consciousness where individuals or groups realize the existence or importance of something.

Consumer's Ability

The capacity of a consumer to make informed, effective, and efficient choices about the use of resources.