Which Statement Is True

question 90

Multiple Choice

Which statement is true?

• A)On occasion we have inflationary gaps and recessionary gaps at the same time.
• B)When we are at equilibrium GDP,we are generally at full employment.
• C)Fiscal policy and the automatic stabilizers are identical terms.
• D)None of the statements are true.

---

Definitions:

Revamped Products

Products that have been modified, updated, or improved with new features, designs, or packaging to enhance appeal and meet evolving customer demands.

Risk

The exposure to potential loss or adverse outcomes as the result of uncertainty in decision-making or future events.

Test Marketing

The process of introducing a new product to a limited market to gather feedback and evaluate its performance before a full-scale launch.

Geographically Limited

Refers to products or services whose availability or relevance is restricted to a specific geographical area.