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How is too much money chasing too few goods is a common way use to describe what economic concept?
Wiki User
∙ 7y ago
In economic terms, it is scarcity.
This is what drives inflation. The more money in the economy, the less it is worth. Consequently, as the value of the dollar goes down, the price of everything goes up. This is what is called an inverse relationship.
Wiki User
∙ 12y ago
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Describe the most common types of economic activities found in the united state?
There is a few common factors that the economic activities that are found in the United States. Some of the common factors are money and transportation.
What is dual economic?
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A dictatorship
