To gain market share
A) a firm needs to be in a competitive market.
B) a firm needs to limit substitutes.
C) a firm needs to produce a commodity.
D) a firm needs to be a substitute for other products
B
Economics
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The falling phase of a business cycle measured by a decrease in real GDP is called:
A) hyperinflation. B) expansion. C) recession. D) peak.
Economics
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline
Economics