Beside inflation, what is another factor that could causeincreases in price-leve
ID: 1252664 • Letter: B
Question
Beside inflation, what is another factor that could causeincreases in price-levels?Why? This is my midterm question, and my answer was decrease indemand of money supply, but I have no idea how exactly does itwork. Please give some ideas, it's lifesaving! Beside inflation, what is another factor that could causeincreases in price-levels?Why? This is my midterm question, and my answer was decrease indemand of money supply, but I have no idea how exactly does itwork. Please give some ideas, it's lifesaving!Explanation / Answer
An increase in price can be a result of scarcity. If goods or services are scarce prices increase.
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