Rhonda Is Suspicious About Adam's Statement That His Company Cannot

question 38

Multiple Choice

Rhonda is suspicious about Adam's statement that his company cannot afford her product. Her precall research on the firm suggested not only do they need the new piece of equipment, but also that financing can be obtained from a local bank. In fact, the more she thinks about it, there was something about the tone of his voice that makes her believe this was just a(n) _____ to hide his real objection to buying.

• A)explanation
• B)excuse
• C)motive
• D)thought
• E)objective

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Definitions:

Aggregate Supply

The sum of all products and services that enterprises in an economy expect to sell during a defined time span.

Price Level

The mean of current prices for all goods and services generated within the economy.

Keynesian Theory

An economic theory proposing that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.

Equilibrium Interest Rate

The interest rate at which the demand for funds equals the supply of funds in the financial market, bringing the market into balance.