During World War II, price controls were necessitated as shortages emerged in consumer markets. This required
(a) the federal government to ration goods through tickets.
(b) the federal distribution of rationing points.
(c) a forced reduction in private consumption.
(d) all of the above actions.
(d)
Economics
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Scott worked in a large foreign country. He retired in 2008 and his pension income is fixed at $1,500 per month. The table above gives the CPI in this country. What is the real monthly value of his pension in the years between 2008 and 2011?
What will be an ideal response?
Economics
The ability of an asset to hold its value over time is a(n)
A. store of value. B. medium of exchange. C. unit of accounting. D. standard of deferred payment.
Economics