Balanced Economy (No Inflation)
With a balanced economy, demand for land is four (four
people want land). Supply is four plots of land, and cost of land remains
affordable.
Recession
Balanced Economy (No Inflation)
With a balanced economy, demand for land is four (four
people want land). Supply is four plots of land, and cost of land remains
affordable.
Recession
Supply =
Demand =
1. Does this economy have too much or too little money?
2. Does this cause the cost of houses to go up or down? Why or why not?
3. Has the value of the dollar has gone up or down?
Inflation
Supply =
Demand =
4. Does this economy have too much or too little money?
5. Does this cause the cost of the land to go up or down? Why or why not?
6. Has the value of the dollar gone up or down?