The tv sernes mad men took place in the early 1960s and followed the careers of men and women working in an ad agency discussions often centered around wages, salaries, and bonuses. how can one make sense of these numbers relative to values today? a. the typical account executive (peter campbell) in the series was quoted to be making $75 per week, $3,900 per year in 1962 how does this translate into 2015 dollars? per year (round your answer to the nearest dollar) b. peggy, a secretary promoted to skilled copy-writer was offered $19,000 per year to jump shop and work for a different agency in what would peggy's salary be today?

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

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.