An Economy in Which Output Has Decreased and Prices Have

question 147

Multiple Choice

An economy in which output has decreased and prices have increased would suggest that there has been a:

• A) positive supply side shock.
• B) negative supply side shock.
• C) positive demand side shock.
• D) negative demand side shock.

---

Definitions:

Usage Rate

The frequency at which a consumer uses a product or service over a specific period, indicating their level of engagement or reliance on it.

Loyalty

The quality of being faithful to commitments or obligations, often used to describe customer behavior and the likelihood of continued patronage or support.

Strategic Fit

The alignment between an organization's strategic goals and the resources and capabilities at its disposal to achieve them.

Target Market

A specific group of consumers at which a product or service is aimed, characterized by shared demographic or psychographic traits.