The Internet Makes Customers _________ Powerful; This Is a _________

question 100

Multiple Choice

The internet makes customers _________ powerful; this is a _________ pressure.

• A) less; market
• B) less; societal
• C) more; market
• D) more; societal

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Definitions:

PQ = GDP

An equation stating that the price level (P) times the quantity of output (Q) is equal to the Gross Domestic Product.

Equation of Exchange

A formula representing the relationship between the money supply, its velocity, the price level, and the volume of transactions in an economy.

False Statement

An untrue or misleading assertion or claim intentionally or unintentionally conveyed as a fact.

Monetarists

Economists who support the idea that the money supply's fluctuations profoundly influence national output in the immediate future and the price level over more extended periods.