Which of the Following Is Not Correct

question 132

Multiple Choice

Which of the following is not correct?

• A)The model of aggregate demand and aggregate supply is used by most economists to analyze short-run fluctuations.
• B)During a recession firms cut back production and workers are laid off.
• C)A recession is a period of declining real incomes and declining unemployment.
• D)A depression is a severe recession.

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Marketing Textbook

An academic publication that covers various aspects of marketing principles, strategies, and practices, serving as a guide for students and professionals.

Utility

The total satisfaction or benefit that a person gains from consuming a good or service.

Needs and Wants

Basic necessities that are essential for survival and desires that can enhance quality of life but are not essential for survival.

Marketing

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