Select and justify, based on urgency and importance, one of the 2 alternatives mentioned above and describe an action plan to accomplish the recommendation: State a measurable goal – what results would need to be reviewed to determine if additional changes were needed? List at least one input control and one output control that would support this implementation and include at least 5 steps to take to accomplish the recommendation.

its high unemployment figures

i just had a test with that question

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.