Friedrich Hayek was an Austrian Economist known for his work on the <em>Theory of Money</em>, which earned him a Nobel Memorial Prize in 1974. He openly supported classic liberalism, which emphasized the economic freedom of all individuals who formed part of society.
Hayek opposed expansionary spending (or expansionary monetary policy) because he considered, following principles of liberalism, that government intervention in the economy should be kept at its minimum expression. It is up to individuals and the economic relations they form as to whether an economy grows or not. The increase of money supply in a country could bring negative effects such as <em>inflation, </em>which is the sustained increase in the prices of goods and services.
Answer:
The correct word to fill in the blank is the word "reachable".
Explanation:
In order to have a positive impact, the product must be easy to know and acquire or accessible through persuasive communication and distribution, consumers must know the product, must know the benefits and how to buy it.
Three environmental cues that can be listed are: territory, lighting and sound.
The ways the three of them affect the expectations for communication are:
When it comes to territory, being close to someone will mean that this individual is friends with me, or has a close relationship. If the person takes his/her distance, I expect to be having a more formal conversation, or to be interacting with someone whom I'm not close with.
Lighting affects my expectations for communication in a way that if the light is low, I'll be expecting to have a more intimate conversation, specially with someone whom I have a relationship with.
And last, sound, if I'm in a noisy place I won't expect to have a serious conversation, I'll be expecting to have a more casual talk. In a quiet environment I can expect to have a serious talk.
