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What else can I help you with?
When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
When consumers get more money they tend to substitute what kind of goods for normal goods?
Consumers with more money are more likely to purchase luxury goods.
How does prosperity increase demand?
The more surplus money people have, the more money they have to buy goods - not just the staple goods, but more luxurious goods.
When consumers get more money they tend to substitute normal goods for goods?
inferior
What caused the economic downturns in the late 1800s?
Businesses made more goods than people had the money to buy.
A Plan where the government pays out more money than it takes in with taxes is called?
"A plan where the government pays out more money than it takes in with taxes"
When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
How does prosperity increase demand?
The more surplus money people have, the more money they have to buy goods - not just the staple goods, but more luxurious goods.
When consumers get more money they tend to substitute what kind of goods for normal goods?
Consumers with more money are more likely to purchase luxury goods.
What is it called when the government spends more than it take in?
When a government spends more money in a year than it takes it, it is called a deficit. When it spends less than it takes in, it is called a surplus.
What is a plan in which the government cannot spend more money than it takes in called?
I'm sorry, I just know what term is used to define when a government IS spending more money that it takes in, it's called deficit spending.
When consumers get more money they tend to substitute normal goods for goods?
inferior
What caused the economic downturns in the late 1800s?
Businesses made more goods than people had the money to buy.
What term to describe the exchange of goods?
That is called Trade Barter Commerce Swapping Returns (an probably a whole lot more)
When the federal governments spends more money than it takes in it borrows money to make up the difference. what is this called?
Deflicit financing
What are the differences between inflation and deflation?
Inflation is when the value of money declines so it takes more dollars to purchase the same goods or services. Deflation is the opposite.
What term is defined as the national government spending more money than it takes in?
It is called deficit spending.
