Answer:
Increase, increase
Explanation:
The correct answers to the blanks are;
First blank : Increase
Second blank : Increase
The Solow Growth Model is a model used in economics to measure the development in economy considering the changes in the level of output over time as a consequence of changes in the population. It also takes account the investment in economy and then the depreciation involved
This model was presented by Robert Solow an Amercian economist
Answer:
the qquantity of money available in the economy will increase because there will be more foreign investments plus now the economy will start exporting and will reduce its imports so the quantity of money will increase.
Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.
<h3>What is
Routine purchases?</h3>
The routine purchases are one that people make to seek for little decision-making, however this purchases are made with “programmed behavior.
Hence , Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.
Find out more on Routine purchases at brainly.com/question/26242633
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Answer: evoked set
Explanation:
In simple words, evoked set refers to the collection of brands that initially comes in the mind of the consumer when he or she is willing to buy a product in market. These are the brands that are of high significance to the customer and that individual customer completely trust such brand.
Every producer in the market wants to be in the evoked set of the consumer as there is a high probability that customer will choose to buy their willing commodity form such a set. However, positioning in evoked set cannot be marked quickly as it depends on various factors such as duration, quality and price etc.