When there is a tendency for a particular product to fall out favor with additional consumers because other consumers have chosen not to purchase the product

A) negative market feedback occurs.
B) positive market feedback occurs.
C) the tit-for-tat strategy will begin.
D) the network effect will increase.

A

Economics

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If policymakers are concerned that the economy is in danger of rising inflation because aggregate demand is increasing faster than aggregate supply, the appropriate fiscal policy response is to

A) increase government spending. B) increase taxes. C) increase interest rates. D) use expansionary fiscal policy.

Economics

Tax collected based on a taxpayer's spending is known as: a. excise tax

b. consumption tax. c. gift tax. d. income tax.

Economics