Which of the Following Is True

question 82

Multiple Choice

Which of the following is true?

• A)A recessionary gap can be cured in the long run if prices and wages remain stable.
• B)A recessionary gap can be cured in the short run if prices and wages remain stable.
• C)Recessionary gaps can be avoided if the economy grows fast enough.
• D)Keynes believed that recessionary gaps will correct themselves because prices and wages are flexible.
• E)Keynes believed that recessionary gaps will not correct themselves because prices and wages are not flexible.

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Clients Acquisition

The process of gaining new clients or customers for a business through various strategies and efforts.

80/20 Rule

A principle stating that 80% of effects come from 20% of causes, often applied to business and economics to focus on the most productive inputs.

Customer Relationships

The ongoing interactions and engagements a company maintains with its customers to foster loyalty and satisfaction.