Although Wage and Price Controls Can Potentially Be Effective in Reducing

Multiple Choice

Although wage and price controls can potentially be effective in reducing inflation,economists generally oppose them because:

A) the more effective they are in holding down prices, the more they cause shortages.
B) all economists are always opposed to any government intervention.
C) they shift the long-run Phillips curve to the right.
D) they shift the short-run Phillips curve down.