Economics 12th Edition by William Baumol, Alan S Blinder

تمرين 4

In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with The New York Times : "We need to decontrol natural gas, and get production of natural gas up to a higher level so we can bring down the price." 15 Evaluate the congressman's statement.