The Economy Is in a Recessionary Gap,there Is Incomplete Crowding

question 56

Multiple Choice

The economy is in a recessionary gap,there is incomplete crowding out,and government implements expansionary fiscal policy.It follows that

• A) Real GDP will fall.
• B) the AD curve will shift to the right.
• C) the price level will fall.
• D) the recessionary gap will necessarily be completely eliminated.
• E) b and d

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Definitions:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.

Internet

A global network of interconnected computers and servers allowing for the exchange of data, communication, and access to information.

Marketing Mix

The set of controllable tactical marketing tools, typically encapsulated as product, price, place, and promotion, that a company uses to produce a desired response from its target market.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.