Examlex
All else equal, which of the following would tend to cause GDP per person to rise?
Price Control
Government-imposed limits on the prices that can be charged for goods and services in the market, aimed at managing affordability and stabilizing the economy.
Shortage
A condition in which the amount of a good offered for sale by producers is less than the amount demanded by buyers at the existing price. An increase in price would eliminate the shortage.
Price Ceiling
A legal maximum price that can be charged for a good or service, above which it cannot rise, often set by government.
Shortage
A market condition in which the demand for a product exceeds its supply at a particular price.
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