Economists Who Believe That Policy Errors Are the Source of Economic

question 74

Multiple Choice

Economists who believe that policy errors are the source of economic instability argue that the crisis of 2008 was primarily the result of

• A) housing regulations that undermined sound lending practices and Fed policies that generated the housing boom and bust.
• B) the stock market crash.
• C) the actions of speculators who drove up the world price of oil, the domestic price of gasoline, and other energy sources.
• D) persistently high interest rates during the decade leading up to the crisis.

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Definitions:

Marketing Plan

A strategic blueprint that outlines a company's overall marketing efforts, including objectives, market analysis, strategies, and tactics.

Trial Close

A sales technique involving asking a potential customer a question that assumes the sale is going to be made, in order to gauge their readiness to buy.

FAB

An acronym for Features, Advantages, and Benefits, a sales and marketing strategy focusing on the product's aspects and their value to the customer.

SELL Sequence

A structured approach in sales that typically includes steps such as Show features, Explain advantages, Lead into benefits, and Let the customer talk.