One method of dealing with the unfairness of substantial price increases caused by a national crisis is for government to
a. impose price ceilings and allocate goods by issuing ration coupons
b. print ration coupons and allow buyers to bid for them
c. shift the supply curve to the left
d. impose price floors to protect consumers
e. shift the demand curve to the right
A
You might also like to view...
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Because of diminishing marginal utility, total utility always decreases when additional amounts of a commodity are consumed.
Answer the following statement true (T) or false (F)
The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What subsidy per student will the college require to take in the efficient number of students?
A) $2,400 B) $400 C) $2,800 D) $3,400
The payroll tax is a tax imposed on ________ that is used to fund Social Security and Medicare
A) workers only B) employers only C) employers and workers D) the unemployed