Match each situation with the method of government intervention used to rectify it.
pri...
History, 27.03.2020 17:19 CameronVand21
Match each situation with the method of government intervention used to rectify it.
price floor
contractionary fiscal policy
price ceiling
expansionary fiscal policy
People have too much money, and
there is a danger of inflation.
The GDP has fallen to an all-time low, and
there is low demand for most goods.
Few farmers produce cotton because
profits are at the equilibrium price.
Prices of staple foods have shot up
because of shortages after an
earthquake.
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