A decrease in supply _____ price and _____ the quantity sold.

While increases in population are often seen as a problem by some observers can you think of a way in which an increase in population can be a positive factor?

What will be an ideal response?

During the 1990s and the first decade of the 2000s

a. polls have shown that U.S. citizens are more concerned about inflation than any other national problem b. the U.S. inflation rate reached double digits (10 percent or higher) c. the U.S. economy consistently experienced deflation (a falling price level) d. the U.S. inflation rate averaged about 8 percent per year e. the U.S. inflation rate averaged less than 3 percent per year