Growth in Aggregate Demand Will

question 130

Multiple Choice

Growth in aggregate demand will

• A)cause deflation.
• B)increase unemployment.
• C)move the economy to a higher point on the short-run Phillips curve.
• D)cause the short-run Phillips curve to shift to the left.
• E)cause the short-run Phillips curve to become flatter.

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Definitions:

Market Segmentation

The process of dividing a market of potential customers into groups, or segments, based on different characteristics such as demographics, needs, priorities, common interests, and other psychographic or behavioral criteria used to better tailor marketing strategies.

Limited Marketing

A strategy that involves targeting a specific market segment with a concentrated and streamlined marketing mix.

Market Fragmentation

The division of a market into smaller segments with varied preferences, characteristics, or needs, often resulting in increased competition.

Mass Marketing

a marketing strategy that targets a large, general audience with a uniform message, rather than tailoring messages to specific demographic or psychographic segments.