supply and demand
______ refers to the amount of goods or services available.
What is supply?
What is peak?
Complete economic freedom is a trait of a ____ economy.
What is capitalistic?
Seasons change and our love went cold
Postey <3
The most important economic indicator.
The point at which supply and demand intersect represents the equilibrium ______.
What is price?
The economy is in the worst shape during this stage of the business cycle.
What is depression?
The concept of supply and demand is prevalent in this type of economy.
What is capitalism
TAYLOR SWIFT
Standard of living is not taken into account when measuring this economic indicator.
When the supply of good decreases, the demand will _____.
What is increase?
When the economy is in a recession, it is followed by the rest of the business cycle in this order.
This is an economy with some elements of both communism and capitalism
What is socialism
She took the midnight train going anywhere
Journey
The general rise in the price of products refers to this economic indicator.
What is inflation?
This happens to the demand for a product when supply decreases.
What is the demand increases?
What is recovery?
Provide an example of something the government controls in a communistic economy.
What is healthcare, housing, employment, insurance, etc.?
Ya'll afraid of what we could've been cause look at what we are
Drake
What is # of people seeking work divided by total # of people in the labor force?
High cost of hand sanitizer is a result of this.
What is supply of hand sanitizer decreasing and demand for hand sanitizer increasing?
A natural disaster, such as the coronavirus, could send the economy into this stage of the business cycle.
What is recession?
The biggest different between a capitalistic and communistic economy.
What is government control?
When I wake up I can't even stay up
The Anxiety
What is exports - imports?