000			01710nam a22002777a 4500
001			509
003			Libertad
005			20230824201902.0
007			ta
008			230824s2015 -us||||| |||| 00| 0 eng d
040			_aLIBERTAD _bspa _cLIBERTAD _dLIBERTAD _erda
041	0		_aeng
110	2		_aMarginal Revolution University _91847
245	1	0	_aPrice Ceilings: The US Economy Flounders in the 1970s / _cMarginal Revolution University .
300			_cFormato digital
306			_a3:49 minutos
336			_bVideo
337			_aVideo
338			_aYoutube _bRecurso en línea
506	0		_aAcceso libre
520	3		_aIn 1971, President Nixon, in an effort to control inflation, declared price increases illegal. Because prices couldn’t increase, they began hitting a ceiling. With a price ceiling, buyers are unable to signal their increased demand by bidding prices up, and suppliers have no incentive to increase quantity supplied because they can’t raise the price. What results when the quantity demanded exceeds the quantity supplied? A shortage! In the 1970s, for example, buyers began to signal their demand for gasoline by waiting in long lines, if they even had access to gasoline at all. As you’ll recall from the previous section on the price system, prices help coordinate global economic activity. And with price controls in place, the economy became far less coordinated. Join us as we look at real-world examples of price controls and the grave effects these regulations have on trade and industry.
521			_aCurso: ULFPE
533			_aVideo
856	4	0	_uhttps://www.youtube.com/watch?v=sq1zIj8s8R0&ab_channel=MarginalRevolutionUniversity _yVideo de Youtube
942			_2ddc _n0
999			_c509 _d509