Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?

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Rahul Sunny answered 2 years ago

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying? add your reference

Explain why it is important that prices are flexible in our economy? What are the implications...

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying? When you make your initial post, please fully answer the question and make substantive responses - i.e. at least 400 words that really dive into the topic and show that you've read the text and done research to support your opinions. Apply appropriate examples that illustrate your points - feel...

Analyze why it is important that prices are flexible in our economy. Explain why a shortage...

Analyze why it is important that prices are flexible in our economy. Explain why a shortage might be present at a store and how would a manager be able to solve for this problem.

Explain why prices are always flexible.

What is money and why is it important to our economy? Are savings accounts money? Explain....

What is money and why is it important to our economy? Are savings accounts money? Explain. Is U.S. currency backed by gold or anything else? Why do people work hard to get it? What is the primary role of our banking system? Explain how banks can create money. Describe the structure and roles of the Federal Reserve.

What is money and why is it important to our economy? Are savings accounts money? Explain....

What is money and why is it important to our economy? Are savings accounts money? Explain. Is U.S. currency backed by gold or anything else? Why do people work hard to get it? What is the primary role of our banking system? Explain how banks can create money. Describe the structure and roles of the Federal Reserve.

Prices What is the most important role of prices in an economy? Do prices need to be flexible to fulfill that role or could they be fixed (controlled)?

Prices What is the most important role of prices in an economy? Do prices need to be flexible to fulfill that role or could they be fixed (controlled)? What are consequences when prices cannot fulfill that role?

Explain why is it important for our blood to be buffered?

Suppose you live in a small open economy with flexible prices and a flexible exchange rate....

Suppose you live in a small open economy with flexible prices and a flexible exchange rate. A) Suppose that the world interest rate rises. What is the effect of this change on the exchange rate and investment? B) The citizens of your country like to travel abroad. Would the change in the world interest rates affect their cost of spending abroad? C) Suppose that the introduction of more cash machines (in domestic) reduces demand for money (in domestic). Explain how...

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Explain why it is important that prices are flexible in our economy?

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Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy?

Explain why it is important that prices are flexible in our economy? What are the implications...

Analyze why it is important that prices are flexible in our economy. Explain why a shortage...

Explain why prices are always flexible.

What is money and why is it important to our economy? Are savings accounts money? Explain....

What is money and why is it important to our economy? Are savings accounts money? Explain....

Prices What is the most important role of prices in an economy? Do prices need to be flexible to fulfill that role or could they be fixed (controlled)?

Explain why is it important for our blood to be buffered?

Suppose you live in a small open economy with flexible prices and a flexible exchange rate....