-In the Above Figure AD₁ and AS₁ Represent the Original

question 146

Multiple Choice

-In the above figure AD₁ and AS₁ represent the original aggregate supply and demand curves and AD₂ and AS₂ show the new aggregate demand and supply curves.The change in aggregate supply from AS ₁ to AS₂ could be caused by:

• A) a reduction in the price level.
• B) the increased availability of entrepreneurial talent.
• C) an increase in business taxes.
• D) the real balances,interest-rate,and foreign trade effects.

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Definitions:

Referring Competition

Mentioning or recommending competitors in a way that can indirectly benefit one's own business.

Personalize The Relationship

A marketing and customer service strategy focusing on tailoring interactions and communications to meet the individual needs and preferences of customers.

Trial Close

A sales technique used to gauge a prospect's readiness to buy by asking hypothetical closing questions before the actual close.

Standing-Room Close

A sales technique designed to create a sense of urgency among potential buyers, suggesting that the opportunity or product will soon be unavailable, similar to an event that has only standing room available.