A change in the equilibrium in one market which affects other markets is known as _____________________
Fill in the blank(s) with the appropriate word(s).
Answer: spillover effect
Economics
You might also like to view...
If aggregate demand is stable and there is economic growth, the economy will experience
A) secular depreciation. B) secular decline. C) secular deflation. D) secular degeneration.
Economics
The United States imports garments from third world countries. This means that if the U.S. economy were closed, the domestic price of goods would be ________ the world price of garments.
A. close to B. less than C. greater than D. equal to
Economics