Wage and price controls have been proposed primarily as a means for dealing with
A) severe recessionary conditions.
B) decreases in the price level.
C) income policies.
D) situations resulting from irresponsible decreases in the money supply.
E) supply-side inflation.

Question

Quizplus · Accepted Answer

Wage and price controls are typically proposed as a means to combat supply-side inflation, where the costs of goods and services increase due to rising production costs, such as higher wages and material costs, rather than due to increased demand.

Wage and Price Controls Have Been Proposed Primarily as a Means