Which of the following is the definition of the pce index?
a. a statistical measure of average prices using annually updated weights based on surveys of consumer spending.
b. a statistical measure of a weighted average of prices of goods and services that firms produce and sell.
c. a broad price index measuring the changes in prices of all new goods and services produced.
d. a weighted average of of prices of a market basket of goods and services purchased by typical urban consumers.

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called

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