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Business, 29.05.2020 21:59 savannahvargas512

Which of the following statements correctly describes the effects of price controls? A. They cause demand disruptions and could lead to widespread unemployment. B. Imposing these in inflationary times is economically destructive. C. Firms profitably sell goods and services at the prices set by the government. D. They cause the quantity supplied to exceed the quantity demanded. The cost to a business from frequently changing its prices due to high inflation rates is called ▼ opportunity cost seigniorage menu cost . Suppose the government prints and spends new currency. Which of the following statements are true in this case? (Check all that apply). A. The citizens gain because their government has more money to spend. B. Printing/spending an enormous amount of new currency is socially beneficial. C. The citizens lose because the resulting inflation reduces the real value of the currency that they already hold. D. Printing/spending a modest amount of new currency is socially beneficial. Click to select your answer(s).

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Which of the following statements correctly describes the effects of price controls? A. They cause d...
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