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Why can't the government solve the problem of inflation by just passing a law that businesses can not raise their prices? Hint - the answer
Why can't the government solve the problem of inflation by just passing a law that businesses can not raise their prices? Hint - the answer is from our understanding of supply and demand and price controls in the supply and demand module. Group of answer choices This would cause a surplus of many items. This would cause a shortage of many items. The government in the United States has no authority to control the price of businesses. This is why, for instance, the New York City government can not regulate legal rents in New York. The profits of businesses would get too high, which would not be fair
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