Answer:
The correct answer is option b.
Explanation:
Mathew bakes and sells apple pies. Apple here is used as an input. If the price of apple increases, it means the cost of producing apple pies is increasing as well.
At the given cost the firm will be able to produce fewer apple pies. This will cause a reduction in the supply of apple pies. Consequently, the supply curve will shift to the left.
Answer:
Increase spending and shift aggregate demand to the right in an effort to reach full employment output.
Explanation:
The goal of expansionary fiscal policy with respect to output is to reduce the problem of unemployment. In order to let this work, the government must increase its spending or Decrease the tax rate. This will make the Aggregate Demand Curve to the right which is a proof of increasing real Gross Domestic Product (GDP) as well as gradual reduction of unemployment.
Answer:
true
Explanation:
Market segmentation is the process of dividing prospective consumers into different groups depending on factors like demographics, behavior and various characteristics.
