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Is the quotation rising oil prices have caused a sharp decrease in the demand for oil a correct statement?
yes
What is a sharp or sudden rise in prices resulting from an increase in paper money or bank credit?
Inflation.
''Falling oil prices have caused a sharp decrease in the supply of oil'' Speaking precisely and using terms as they are defined by economists. Write the statement that best describes this statement?
The quotation is incorrect: A decrease in price causes a decrease in the quantity supplied, not a decrease in supply.
A sharp sudden rise in prices resulting from an excessive expansion in paper money or bank credit?
It's called inflation. Get ready for a lot of it.
''Rising oil prices have caused a sharp decrease in the demand for oil.'' Speaking precisely and using terms as they defined by economists choose the statement that describes this quotes?
The quotation is incorrect: An increase in price causes a decrease in the quantity demanded, not a decrease in demand.
Related Questions
Is it true or false The tightening of credit and a sharp decrease in farm prices touched off the Panic of 1819?
True
Is the quotation rising oil prices have caused a sharp decrease in the demand for oil a correct statement?
yes
A sharp and sudden rise in prices resulting from an expansion in paper money or bank credit?
inflation
What is a sharp or sudden rise in prices resulting from an increase in paper money or bank credit?
Inflation.
A sharp and sudden rise in prices resulting from from an excessive expansion in paper money or bank credit?
inflation
What is a sharp continuing rise in prices caused by too much money and credit relative to the available goods?
inflation
A sharp and sudden rise in prices resulting from an excessive expation in paper money or bank credit?
It's called inflation.
''Falling oil prices have caused a sharp decrease in the supply of oil'' Speaking precisely and using terms as they are defined by economists. Write the statement that best describes this statement?
The quotation is incorrect: A decrease in price causes a decrease in the quantity supplied, not a decrease in supply.
A sharp and sudden rise in prices resulting from an excessive expansion in paper money or bank credit?
This is a definition of inflation. If the rise in prices is both rapid and very large, it is called hyperinflation.
A sharp sudden rise in prices resulting from an excessive expansion in paper money or bank credit?
It's called inflation. Get ready for a lot of it.
''Rising oil prices have caused a sharp decrease in the demand for oil.'' Speaking precisely and using terms as they defined by economists choose the statement that describes this quotes?
The quotation is incorrect: An increase in price causes a decrease in the quantity demanded, not a decrease in demand.
What is a sharp and sudden rise in prices resulting from an excess in paper money or bank credit?
The situation set forth and described in the question is known as INFLATION.
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