Price controls are usually enacted
a. as a means of raising revenue for public purposes.
b. when policymakers believe that the market price of a good or service is unfair to buyers or sellers.
c. when policymakers tax a good.
d. All of the above are correct.
b
Economics
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According to the cost-push theory, what is responsible for inflation?
(A) The economy is operating as though there was a war. (B) Too much money is in circulation. (C) Demand for goods and services exceeds existing supply. (D) Producers raise prices to meet increased costs.
Economics
The one central bank president that always has a seat on the Federal Open Market Committee is located in:
A. New York City. B. Chicago. C. Boston. D. San Francisco.
Economics