Examlex
Which of the following statements is true of consumer promotions?
Standard of Living
The degree of wealth and material comfort available to a person or community.
Aggregate Expenditures
are the total amount of spending on goods and services in an economy at a given level of income during a specified period.
Recession
A phase of short-term economic downturn characterized by decreased trading and industrial output, generally recognized by a drop in Gross Domestic Product across two consecutive quarters.
National Debt
The aggregate financial obligations incurred by a government of a country through borrowing.
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