What Do You Think of This Solution to our Economic problems?
If prices continue to go up people would buy less and less which continues the vicious cycle of layoffs, businesses closing down and less tax revenue The government should stop trying to fix the economy and businesses should adapt to conditions. Do you agree that the inevitable solution to the economic problem is an across the board decrease in the price of goods and services accompanied by a freeze in wage increases? Result: Sales volume would increase, there will be a need for more employment thus more tax revenue.
Asked By: SCRAPPY - 8/20/2011
Best Answer - Chosen by Asker
How do you propose to decrease the price of goods and services? If you did that a certain number of producers/sellers would stop doing (fewer jobs) it because they could not make a profit. That would decrease supply and raise prices or cause severe shortages. Sales volume would sharply DECREASE
Answered By: jaker - 8/20/2011
Additional Answers (2)
We need a real person in office who has had real problems and knows what its like to be a blue collar working class American. The problem is all of the elitist decide that the candidate isn't good enough and they get almost no votes. We don't need another silver spoon spoiled politician that went to private schools and... More
Answered By: Brandon - 8/20/2011
No - and all government solutions to any perceived problem with the economy have always made to problem worse.
Answered By: Only Cowards Block - 8/20/2011
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