{"id":3496,"date":"2015-07-17T22:26:14","date_gmt":"2015-07-17T22:26:14","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro2xngcxmasterfall2015\/?post_type=chapter&#038;p=3496"},"modified":"2016-06-20T22:58:13","modified_gmt":"2016-06-20T22:58:13","slug":"glossary-government-action","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/chapter\/glossary-government-action\/","title":{"raw":"Glossary: Government Action","rendered":"Glossary: Government Action"},"content":{"raw":"<dl id=\"fs-idm31045488\" class=\"definition\"><dt>price ceiling<\/dt><dd id=\"fs-idm97401792\">a legal maximum price<\/dd><\/dl><dl id=\"fs-idm33170736\" class=\"definition\"><dt>price control<\/dt><dd id=\"fs-idp6837056\">government laws to regulate prices instead of letting market forces determine prices<\/dd><\/dl><dl id=\"fs-idp96167168\" class=\"definition\"><dt>price floor<\/dt><dd id=\"fs-idm50176672\">a legal minimum price<\/dd><\/dl><dl id=\"fs-id1168739763537\" class=\"definition\"><dt>total surplus<\/dt><dd id=\"fs-id1168739707544\">see social surplus<\/dd><\/dl>","rendered":"<dl id=\"fs-idm31045488\" class=\"definition\">\n<dt>price ceiling<\/dt>\n<dd id=\"fs-idm97401792\">a legal maximum price<\/dd>\n<\/dl>\n<dl id=\"fs-idm33170736\" class=\"definition\">\n<dt>price control<\/dt>\n<dd id=\"fs-idp6837056\">government laws to regulate prices instead of letting market forces determine prices<\/dd>\n<\/dl>\n<dl id=\"fs-idp96167168\" class=\"definition\">\n<dt>price floor<\/dt>\n<dd id=\"fs-idm50176672\">a legal minimum price<\/dd>\n<\/dl>\n<dl id=\"fs-id1168739763537\" class=\"definition\">\n<dt>total surplus<\/dt>\n<dd id=\"fs-id1168739707544\">see social surplus<\/dd>\n<\/dl>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-3496\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Principles of Microeconomics Chapter 3.5 Glossary. <strong>Authored by<\/strong>: OpenStax College. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/cnx.org\/contents\/ea2f225e-6063-41ca-bcd8-36482e15ef65@10.31:24\/Microeconomics\">http:\/\/cnx.org\/contents\/ea2f225e-6063-41ca-bcd8-36482e15ef65@10.31:24\/Microeconomics<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em>. <strong>License Terms<\/strong>: Download for free at http:\/\/cnx.org\/content\/col11627\/latest<\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":277,"menu_order":16,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"Principles of Microeconomics Chapter 3.5 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