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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 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
Which word best describe the economy of the oil-producing state after the sharp decline of oil prices in the 1980s?
butt cheeks
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
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
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
What kind of market is when there's a decline or expected decline expected decline in stock prices across the entire stock market?
Bear
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 economic indicator describes the process of generally declining prices?
Deflation describes the process of generally declining prices.
How does inflation contribute to the decline of purchasing power in the economy?
Inflation reduces the value of money over time, causing prices to rise. This decrease in purchasing power means that the same amount of money can buy fewer goods and services, leading to a decline in overall economic purchasing power.
