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What refers to the persistent increase in the prices of goods and services?
Wiki User
∙ 11y ago
inflation
Wiki User
∙ 12y ago
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Which of these refers to the quantity of goods or services that buyers are willing to purchase at various prices?
demand
What refers to the quantity of goods or services that buyers are willing to purchase at various prices?
Demand
True or false Inflation refers to a dramatic drop in prices?
False!Inflation means a dramatic increase in prices. The opposite of inflation is deflation. Deflation is a dramatic decrease in prices.
Which of these refers to the quantity of goods and services that sellers are willing to offer at various prices at a given time?
supply
What refers to the quantity of goods and services that sellers are willing to offer at various prices at a given time?
Supply
What refers to the quantity of goods or services that buyers are willing to purchase at various prices?
Demand
Which of these refers to the quantity of goods or services that buyers are willing to purchase at various prices?
demand
True or false Inflation refers to a dramatic drop in prices?
False!Inflation means a dramatic increase in prices. The opposite of inflation is deflation. Deflation is a dramatic decrease in prices.
What refers to the quantity of goods and services that sellers are willing to offer at various prices at a given time?
Supply
Which of these refers to the quantity of goods and services that sellers are willing to offer at various prices at a given time?
supply
What does inflatable mean?
to cause to expand or distend with air or gas
Why can the law of demand apply only in a free market economy?
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
What is Samhainphobia?
Samhainophobia refers to an abnormal and persistent fear of Halloween.
What refers to a measure of the average change over time in the prices paid by urban consumers for a market basket of goods and services?
Consumer Price Index (A+)
What is a rise in prices?
A general rise in price is usually referred to as inflation; however, in Economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.
What is a general rise in prices?
A general rise in price is usually referred to as inflation; however, in economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.
Definition of economic growth?
it refers to an increase in a country's real output of goods and services. it explains quantitative changes in economy.it is mainly related to developed countries.
