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What is a general increase in the cost of goods and services?
That is called "inflation".
What is diflation?
Deflation is decrease in general price level of services and goods. Deflation occur when inflation rate is 0%
What is a lack of goods or services called?
what is a lack of goods and services called
What is the difference between recession and inflation?
Recession is a period of economic decline characterized by a decrease in economic activity, while inflation is a general increase in prices of goods and services.
What are Goods or services bought with other goods or services called?
This is the barter system.
What is a general increase in the cost of goods and services?
That is called "inflation".
What is diflation?
Deflation is decrease in general price level of services and goods. Deflation occur when inflation rate is 0%
What is a lack of goods or services called?
what is a lack of goods and services called
What is a business that produces goods or services called?
A business that produces goods or services is called an industry.
What are Goods or services bought with other goods or services called?
This is the barter system.
What is the difference between recession and inflation?
Recession is a period of economic decline characterized by a decrease in economic activity, while inflation is a general increase in prices of goods and services.
What is it called when you have money to buy goods or services?
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
What is the overall decrease in the price of goods called?
Deflation
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
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.
Manufactured goods needed to produce other goods and services are called?
Capital 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.
