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The Edict on Maximum Prices, Established by the Roman Emperor

question 283

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The Edict on Maximum Prices, established by the Roman Emperor Diocletian, created price ceilings on various jobs and goods in a failed effort to curb inflation. For example, legal pay for a farm laborer could be no more than 10.8¢ a day (payment set in modern currency) . If the market rate of farm labor was 12¢ a day, which would be a plausible consequence of this law?


Definitions:

REM Sleep

A sleep phase characterized by rapid eye movement, during which most vivid dreams occur and brain activity resembles that of wakefulness.

EEG

Electroencephalogram, a noninvasive test that records the electrical activity of the brain and is used in the diagnosis and monitoring of disorders such as epilepsy.

Sleep Deprivation

A condition resulting from not getting enough sleep, which can affect cognitive functions, mood, and physical health.

Decreased Alertness

A lowered state of awareness or consciousness, often resulting from factors like fatigue, sleep deprivation, or certain medical conditions.

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