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REGULATORY FORCES: Forces in the marketing environment that depend on various government regulatory agencies that impact how an organization operates on a daily basis. An example is the Federal Trade Commission (FTC), which monitors advertising, deceptive labeling, and false or misleading information. Agencies such as the FTC have powers to enforce regulations through fines and other penalties. Other regulatory agencies are: Food and Drug Administration (FDA), Federal Communications Commission (FCC), Environmental Protection Agency (EPA), and Consumer Product Safety Commission (CPSC).

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Lesson 1: Economic Basics | Unit 2: Doing Economics Page: 6 of 18

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  • The science of positive economics and the art of normative economics.
  • Macroeconomics, microeconomics and some specialized fields of economic study.
  • Six common logical fallacies to avoid: false cause, attacking the messenger, appealing to the masses, appealing to a false authority, composition, and division.

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DEMAND-PULL INFLATION

Inflation that results from increases in aggregate demand that exceed any increases in aggregate supply. This type of inflation results when the four macroeconomic sectors (household, business, government, and foreign) collectively try to purchase more output than the economy is capable of producing. The alternative type of inflation is cost-push inflation.

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APLS

BROWN PRAGMATOX
[What's This?]

Today, you are likely to spend a great deal of time looking for a downtown retail store trying to buy either a wall poster commemorating the first day of winter or blue cotton balls. Be on the lookout for celebrities who speak directly to you through your television.
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This isn't me! What am I?

In the early 1900s around 300 automobile companies operated in the United States.
"One person with a belief is equal to a force of ninety-nine with only interests."

-- John Stuart Mill

BOJ
Bank of Japan
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