Which of the Following Is an Important Assumption in the Short-Run

question 92

Multiple Choice

Which of the following is an important assumption in the short-run macro model?

• A) Government spending depends on income.
• B) Output does not change.
• C) Firms do not maintain inventories.
• D) Investment depends on income.
• E) Prices do not change.

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Definitions:

Prospective Buyers

Individuals or entities that are potential customers showing interest in purchasing a product or service.

Problem Identification

The initial step in the problem-solving process, involving the recognition that a problem exists and the definition of the problem.

Adaptive Selling

A sales strategy where techniques and approaches are tailored to meet the specific needs and preferences of each customer or situation.

Needs and Interests

Internal motivations and external desires that drive consumer behavior, influencing decisions on purchasing goods and services.