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Which word best describes the economy of the oil-producing states after the sharp decline of oil prices in the 1980s?

butt cheeks


What is the effect on the when the economy is in decline?

prices rise


What is the effect on the government when the economy is in decline?

prices rise


Which of the terms describes an economy in which prices form the basis for economic decisions?

market or market economy


What describes an economy in which prices form the basis for economic decidions?

market


Which word best describe the economy of the oil-producing state after the sharp decline of oil prices in the 1980s?

butt cheeks


What of these occurs during the decline of prices due to insufficient money supply?

During the decline of prices due to insufficient money supply, a deflationary spiral can occur. This leads to decreased consumer spending, as people anticipate lower prices in the future and postpone purchases. Businesses, facing reduced demand, may cut production and lay off workers, resulting in higher unemployment. Ultimately, this cycle can further contract the economy and exacerbate the decline in prices.


When are gas prices going down below 4gallon?

The price of gas has gone down because demand for it is down, primarily because of a huge decline in the economy. -k1


Who determines prices in a market economy?

in a market economy.. the prices are decided by demand and supply....or compention


Will housing prices go up or down in the shadow of the huge US bailout?

Probably the price decline will continue, but in the long term, the rescue plan should help housing prices recover as (or if) our economy improves. Growth in the economy should result in lower unemployment and better wages that usually augers well for home prices. Of course, there are many factors at play, and certainly, higher oil prices mean less disposable incomes, and negatively affect prices.


What kind of market is when there's a decline or expected decline expected decline in stock prices across the entire stock market?

Bear


What economic indicator describes the process of generally declining prices?

Deflation describes the process of generally declining prices.