Figure 23-2 -Refer to Figure 23-2. If the U.S. Economy Is Currently

question 242

Multiple Choice

Figure 23-2
-Refer to Figure 23-2. If the U.S. economy is currently at point N, which of the following could cause it to move to point K?

• A) Households expect future income to decline.
• B) Household wealth rises.
• C) The firm's cash flow rises as profits rise.
• D) Government expenditures increase.

---

Definitions:

Macroenvironment Analysis Framework

A strategic tool used to analyze the external environment that a business operates in, often involving political, economic, sociocultural, technological, environmental, and legal factors (PESTEL).

Inflation

Refers to the persistent increase in the prices of goods and services.

Growth Of Industry

The process of expansion and increased productivity within a specific sector of the economy.

Greenwashing

The practice of making misleading or unsubstantiated claims about the environmental benefits of a product, service, or company in order to present an image of environmental responsibility.