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How did the overuse of credit in the 1920's cause a dramatic decline in demand for goods in the 1930's?
Wiki User
∙ 11y ago
there were too many doobs in circulation for everyones own good but mr t collier says other wise that there werent enough to go around
Wiki User
∙ 11y ago
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What happens to the quantity demanded for credit if the cost of borrowing increases or decreases?
As the cost of credit increases, the quantity demand decreases. in contrast, if the cost of borrowing drops, the quantity of credit demand rises.
What following goods will least likely suffer a decline in demand during a recession?
toothpaste
What three things could cause the demand curve to shift to the left?
When income of the consumer decline demand curve shift left to downward.Assumption:income .population.taste .habbit.whether.expected future price.
If consumers begin using credit cards for all of their purchases you would expect to see inc demand for money dec demand for money dec in quantity demanded of money?
decrease in the demand for money
Why is buying goods on credit not always a good idea?
The demand for goods and services goes down
What is the 4 demand states in marketing?
maturity, decline
In short run does a decline in aggregat demand create a recession?
Yes and no, depending on the situation. If an economy is doing very well, a decline in aggregate demand is a GOOD thing, as it helps keep inflation at bay. If an economy is doing sub-par or even average, a decline in demand can lead to a decline in business activity and consumer spending, which can lead to a recession.
Is the demand for geography teachers expected to declin in the future?
no they will not decline
What is the job demand for commercial fishermen?
According to the Occupational Outlook Handbook, commercial fisherman can expect to see a decline in the demand for fisherman. The expected decline is five percent over the next ten years.
Did demand for halters made from leather decline?
The demand for halters made from leather later declined with the advent of the industrial era
Did demand for saddles made from leather decline?
The demand for saddles made from leather later declined with the advent of the industrial era
Is the primary sector in decline?
yes because there is less demand for raw goods.
Did demand for feed bags made from leather decline?
The demand for feed bags made from leather later declined with the advent of the industrial era
The economist John Maynard Keynes argued that?
That unemployment came not from overproduction, but from a decline in demand.
What following goods will least likely suffer a decline in demand during a recession?
toothpaste
What happens to the quantity demanded for credit if the cost of borrowing increases or decreases?
As the cost of credit increases, the quantity demand decreases. in contrast, if the cost of borrowing drops, the quantity of credit demand rises.
What is a pre-established amount that can be borrowed on demand?
Line of credit
