The Office of Price Administration, which administered the wage freeze, ruled that the offer of retirement funds

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The Office of Price Administration, which administered the wage freeze, ruled that the offer of retirement funds was not a violation of the freeze. The Internal Revenue Service went along with this and ruled that employerfinanced retirement plans were not taxable income• . Was the wage freeze an example of a price floor or a price ceiling? Use the model of demand and supply to explain why employers began to offer such benefits to their employees.

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Muhammad Salman Alvi

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