Refer to the Information Provided in Figure 13

question 33

Multiple Choice

Refer to the information provided in Figure 13.2 below to answer the questions that follow. Figure 13.2
-Refer to Figure 13.2.Firms respond to an increase in government spending by mostly raising their prices when the aggregate demand curve shifts from

• A)AD1 to AD2.
• B)AD3 to AD4.
• C)AD5 to AD6.
• D)AD6 to AD1.

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Definitions:

Competing Products

Products that are in direct competition with each other, usually within the same market category, offering similar features or benefits.

Prospect

A potential customer or client who has been identified as fitting a business’s target market criteria but has not yet been engaged or made a purchase.

Qualified Business

A company or individual that meets certain criteria or standards, making them a worthwhile or potential target for sales or marketing efforts.