Questions tagged [price-level]
53 questions
9
votes
3 answers
Why does the Brexit cause a fall in crude oil prices?
Oil prices have also fallen sharply in the wake of the referendum
outcome, with Brent crude down 5.2%. The price of Brent crude fell by
\$2.68 to \$48.24 a barrel, its biggest fall since February. At the same
time, US crude was down 5.4%, or…
Konerak
- 193
- 1
- 4
8
votes
3 answers
Should selling price depend on product quality or on work to produce the product if both not in positive correlation?
I am a Natural Science student and read a little about economics. I am not sure this question is related to economics or not, decided to give it a try.
Recently, I am looking for printing service. From more than one service providers, I got the…
TheLearner
- 191
- 2
- 6
3
votes
2 answers
Why doesn't the price of gold drop as mining occurs that produces more gold?
According to my common knowledge, the price should drop when supply increases. Why doesn't the price of gold drop slowly as more gold is produced from mining?
Gstestso
- 133
- 2
2
votes
2 answers
Is Price Level equivalent to Inflation when looking at AD/AS and Phillips Curve graphs?
Fairly straight forward, Can I assume that Price Level and Inflation are interchangeable when looking at these graphs together?
Generally, are they equivalent in Macroeconomics?
Ghost Koi
- 177
- 4