If a Market Economy Has a Self-Correcting Mechanism, When Output

question 165

Multiple Choice

If a market economy has a self-correcting mechanism, when output is lower than potential or full-employment output,

• A) changes will occur that will automatically guide the economy back to full employment.
• B) resource prices will increase.
• C) prolonged unemployment such as was experienced during the Great Depression will occur.
• D) the economy will fall into a more severe recession.

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Definitions:

Prospecting

The process of identifying potential customers or sales leads.

Sales

The process of selling products or services to customers, often involving strategies to convince them of the value of the offering.

Sales Lead Club

A group or organization that focuses on generating and sharing potential customer contacts among its members.

Call Reluctance

The hesitation or fear of making outbound sales calls or contacting potential customers, often based on fear of rejection or failure.