If Changing Consumer Preferences Increase the Demand for Consumer Electronics

question 566

Multiple Choice

If changing consumer preferences increase the demand for consumer electronics and decrease the demand for wool clothing,the economy will likely exhibit

• A) an increase in the natural rate of unemployment.
• B) a decrease in the natural rate of unemployment.
• C) frictional unemployment.
• D) efficiency wages.

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Definitions:

Electronic Junk Mail

Unwanted or unsolicited email, often of a commercial nature, sent in bulk to a large list of recipients.

Unsolicited E-Mail

Email that is sent without the recipient's prior consent or request, often considered spam.

Viral Marketing

A marketing technique that uses social networks to promote a product, typically encouraging individuals to share information and content about the product with others.

Sweepstakes

A promotional strategy that involves giving away prizes to randomly selected participants, often used to attract attention or gather consumer data.