Which Company Ranked Number One in Terms of Ad Spending

question 53

Multiple Choice

Which company ranked number one in terms of ad spending in Europe in 2013?

• A)General Motors
• B)Philip Morris
• C)Unilever
• D)Procter & Gamble
• E)Coca-Cola

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Definitions:

Favorable Supply Shock

An unexpected event that increases the supply of a good or service, leading to a lower equilibrium price.

Short-run Phillips Curve

A graphical representation showing an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.

Unemployment

The situation in which people who are willing and able to work are not able to find employment, often expressed as a percentage of the labor force.

Aggregate-supply Curve

A graph that shows the relationship between the overall price level and the total output produced by firms in an economy.