Match each situation with the method of government intervention used to rectify it.
1: people...
Match each situation with the method of government intervention used to rectify it.
1: people have too much money, and there is a danger of inflation.
2: the gdp has fallen to an all-time low, and there is low demand for most goods.
3: few farmers produce cotton because profits are at the equilibrium price.
4: prices of staple foods have shot up because of shortages after an earthquake.
a: price floor
b: contractionary fiscal policy
c: price ceiling
d: expansionary fiscal policy
Answers: 1
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Answers: 1
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