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When the oil price jumps, consumers have little choice but to accept it, spending less on something else.So how sensitive is the world economy to oil prices?
Basic economics tells us that when Americans, over all, spend more on housing, they must ultimately spend less on something else.
"From the point that it was unringfenced and went into the general fund, the amounts of money available to spend effectively reduced, because that coincided with general reductions to revenue support grants, so we are spending considerably less on something we still call Supporting People, but isn't a distinct programme any more," Rogers said.
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She had passed up a sea of pastels and black dresses before settling on something less predictable, a clingy halter-top green jersey from Plein Sud.
He cannot aim, much less rely on something like the compound hunter's mechanical sight with its illuminated aiming pins.
There has been much less discussion on something that seems to me to be much more important: how we talk to Europe and how they talk to us.
In defending the Bush plan, administration officials said every dollar spent on shore restoration was a dollar less spent on something else.
Boom, Bust, and the Global Race for Scientific Talent puts it, "If students spend more time on math then they're spending less time on something else".
You can also try something less on-the-nose like a place, weapon, or event.
He's fascinated by the aspect of creativity that focuses less on inventing something new than on solving specific problems.
The purchasers of those bonds have less to spend on something else.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com