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j Lectures 15 & 16 (Equilibrium & Price Controls)) Flashcards | StudBud
j Lectures 15 & 16 (Equilibrium & Price Controls))
1 / 12
Gas lines in the 1970s were caused by:
A
price ceilings, which led to shortages after oil supply shocks
B
price ceilings, which led to surpluses after oil supply shocks
C
price floors, which led to shortages after oil supply shocks
D
a glut of oil overwhelmed the capacity of oil refineries
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