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Question $1$

Question $2$

Question $3$

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Part $1$

The Federal Reserve System suddenly raises the federal discount$$ rate, resulting in significantly higher interest rates for consumers and businesses that want to purchase$$ property, vehicles,$$ machinery, or other items on credit. Which factor in the$$ firm's external environment does this BEST$$ reflect?

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Part $1$

A$.$

Economic environment

B$.$

$$Political$-$legal environment

C$.$

Competitive environment

D$.$

Sociocultural environment

E$.$

Demographic environment