Figure 8-2 -In Figure 8-2,assume That a Is the Current Long-Run Aggregate

question 65

Multiple Choice

Figure 8-2
-In Figure 8-2,assume that A is the current long-run aggregate supply curve and that E is the current short-run aggregate supply curve.If there were a discovery of large oil fields in Manitoba,where no one thought oil fields existed,then we could expect the long-run aggregate supply curve and the short-run aggregate supply curve to

• A)remain B and E.
• B)move to A and D.
• C)move to B and F.
• D)move to A and F.

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Definitions:

Strategies

Broad plans or sets of actions designed to achieve specific goals or solve problems within an organization or endeavor.

Market-Entry Strategy

A planned method of delivering goods and establishing a presence in a new market, often involving significant research and planning.

Target Market

A specific group of customers at which a company aims its products and services.

Positioning

The process of establishing and maintaining a certain perception of a product or brand in the minds of consumers, relative to competing brands.