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What happens when there is an increase in price for good and service combined with a reduction in the value of money?

When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.


What happens when there is an increase in price for good and services combined with a reduction in the value money?

When there is an increase in prices for good and services combined with a reduction in the value of money it is known as inflation.


How will the surplus most likely impact the price of wheat?

The price of wheat will decline.


A time of decline in general price levels of goods and services and the value of money is stronger?

Deflation is a decline in general price levels of goods and services and a stronger value in money.


How does an unanticipated decline in the price level cause a drop in lending?

An unanticipated decline in the price level can lead to deflation, decreasing the value of collateral that borrowers provide for loans. As the value of collateral drops, lenders may become more risk-averse, leading to a decrease in lending activity due to concerns about the ability of borrowers to repay their loans. Additionally, deflation can also dampen economic activity, reducing the demand for loans from businesses and individuals.


What is the absolute level of a price index?

Price level


Is there any chances of decline in gold price in Qatar?

There is a chance but very unlikely.


What are Advantages of accounting for price level changes?

advantages of price level accounting


What is level price?

The price level refers to the monitary value of a good or service.


The average of all prices in the economy is called?

Price level.


What happens to the equilibrium price when the overall price level falls?

When the overall price level falls, the equilibrium price will usually fall, too.


The relationship between the value of money and the price level?

There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.