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A common cause for this is unemployment, or when an institution isn't functioning to its fullest potential due to lack of labor (labor being classified as a resource.)
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What term defines a time when there is an increase in money and a decrease in goods?
inflation
Which of these terms defines a time when there is an increase in money and a decrease in goods?
Inflation
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
Two goods are substitutes if a decrease in the price of one good?
Price will increase
How does supplies affect the price of a product?
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.
Is a time when there is a increase in money and a decrease in goods?
inflation
What term defines a time when there is an increase in money and a decrease in goods?
inflation
Which of these terms defines a time when there is an increase in money and a decrease in goods?
Inflation
What is the term for an increase in money or a decrease in goods?
When the amount of money increases at a faster rate than the production of goods, the result is inflation, an increase in prices as "more money pursues the same goods".
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
Q: What is inflation?
Inflation is the rate of increase in prices over a given period of time.
Two goods are substitutes if a decrease in the price of one good?
Price will increase
How does supplies affect the price of a product?
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.
If economy enters in boom period is demand for money increase or decrease?
increase
What is it called if two goods are complements?
A decrease in the price of one will increase the demand for the other.
What happens to money demand when there is an increase in interest rates?
money demand will decrease
What happens when there is an increase in the price of goods and a decrease in the value of money?
Basically a huge financial debt... or you'll have to resort to using gold, silver, or other valuable precious metals
