Politicians in a Democratic Society May Be Shortsighted Because of Their

question 84

Multiple Choice

Politicians in a democratic society may be shortsighted because of their desire to win reelection; thus,the political process can

• A) impart an inflationary bias to monetary policy.
• B) impart a deflationary bias to monetary policy.
• C) generate a political business cycle in which, just before an election, expansionary policies are pursued to lower unemployment and interest rates.
• D) cause both A and C of the above to occur.

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Definitions:

Marketing Plan

A strategic outline that lists an organization's goals for product sales, communication strategies with consumers, and the allocation of resources to achieve these objectives.

Conviction

A firmly held belief or opinion, often referenced in sales as the degree of belief a salesperson has in the value of their product or service.

FAB Step

stands for Features, Advantages, and Benefits, a technique used in sales and marketing to effectively communicate the value of a product to potential customers.