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Why did inflation occur after the war?
a low supply of goods and widespread demand
Why did inflation occur in both the North and the South during the Civil War?
The limited supply of goods caused prices to rise.
Who was japan at war with when they attacked pearl harbor?
At that time they were at war with China, we sanctioned their supply of goods and they attacked us.
Why were many goods unavailable in the US during World War 2?
Some goods, like butter for instance, were unavailable or in short supply because of war rationing. Priority for these goods was given to the armed forces, so the civilian population had to forgo them until after the war.
What is it called when you make profit off of goods that are in short supply?
In modern times, virtually nothing has been in short supply, but during World War II and for a few years afterwards, lots of goods were rationed and in short supply. People who were involved in the illegal supply of these goods were known as 'spivs' and the trade was known as the 'black market' and they were 'profiteering'.
What happens when the government increases the money supply?
There several things that happen when the government increases the money supply. This may cause inflation as there will be more money in the market than goods.
Why did inflation in the north and south occur during the civil war?
the limited supply of goods caused prices to rise.
Why did inflation occur in the north and the south during the civil war?
the limited supply of goods caused prices to rise.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
Why did the people in World War 2 have to register to buy things?
It was the rationing method for allotment of goods so that all could obtain a share of goods that were in short supply.
What happens to the equilibrium price and quantity when demand rises less than supply rises?
When price and quantity demanded rises less than supply rises then shortage of goods create.
What direction does the supply curve slope from the left to right?
Supply curves do not always slope from left to right. A supply curve can slope from the right and when this happens this means that there is a surplus of goods at a lower price.
