Yes, the tightening of credit and a sharp decrease in farm prices touched of the Panic of 1819.
true
yes
Inflation.
The quotation is incorrect: A decrease in price causes a decrease in the quantity supplied, not a decrease in supply.
It's called inflation. Get ready for a lot of it.
The quotation is incorrect: An increase in price causes a decrease in the quantity demanded, not a decrease in demand.
True
yes
inflation
Inflation.
inflation
inflation
The quotation is incorrect: A decrease in price causes a decrease in the quantity supplied, not a decrease in supply.
It's called inflation.
This is a definition of inflation. If the rise in prices is both rapid and very large, it is called hyperinflation.
It's called inflation. Get ready for a lot of it.
The quotation is incorrect: An increase in price causes a decrease in the quantity demanded, not a decrease in demand.
The situation set forth and described in the question is known as INFLATION.