Related to the Economics in Practice on P

question 100

Multiple Choice

Related to the Economics in Practice on p. 238: A monsoon destroyed 80% of the Gregorian manufacturing base. The Gregorian government decided to use an expansionary fiscal policy to counter the effects of the monsoon on the economy. The use of the expansionary fiscal policy would have caused

• A) the price level to be lower and the output level to be higher than they would have been without the policy action.
• B) both the price level and the output level to be higher than they would have been without the policy action.
• C) both the price level and output level to be lower than what they would have been without the policy action.
• D) the price level to be higher and the output level to be lower than they would have been without the policy action.

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Definitions:

Promotion

All the activities that communicate the value of a product and persuade customers to buy it.

Market Share

The portion of a market controlled by a particular company or product.

Business-to-business Segmentation

The process of dividing a business market into distinct groups based on various factors like industry, size, or needs for targeted marketing strategies.

Geographic

Relating to the physical and spatial characteristics of an area or environment when segmenting markets.