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    Macroeconomics for Today
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    Exam 17: The Phillips Curve and Expectations Theory
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    Wage and Price Controls Imposed for an Extended Period of Time
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Wage and Price Controls Imposed for an Extended Period of Time

Question 40

Question 40

Multiple Choice

Wage and price controls imposed for an extended period of time are likely to result in:


A) shortages.
B) rationing.
C) black markets.
D) All of these.

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