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The table below shows hypothetical data for the volume of gold and nickel output across several years. TABLE 2-6 Refer to Table 2-6.What is the index number for gold output in Year 2?
Black Market
An illegal trading environment where goods or services are exchanged outside of government-sanctioned channels.
Price Controls
Government-imposed limits on the prices charged for goods and services, typically to control inflation or to ensure affordability.
Rent Control
Government-set price ceiling on rent.
Usury Law
Legislation regulating the maximum interest rate that can be charged on a loan, to protect consumers from excessively high rates.
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