In the chapter, you learned that one way the government enforces agricultural price floors is to buy

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In the chapter, you learned that one way the government enforces agricultural price floors is to buy up the excess supply itself. If the government wanted to follow a similar kind of policy to enforce a price ceiling (such as rent control), and thereby prevent black market-type activity, what would it have to do? Is this a sensible solution for enforcing rent control? Briefly, why or why not?

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Macroeconomics Principles and Applications

ISBN: 978-1133265238

5th edition

Authors: Robert e. hall, marc Lieberman

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