how did the us government control price increases for scarce goods?\nit set a price scale determining what…

how did the us government control price increases for scarce goods?\nit set a price scale determining what different people could afford.\nit established the office of price administration.\nit set new prices weekly depending on the availability of goods.\nit established the war production board to study pricing of scarce goods.

how did the us government control price increases for scarce goods?\nit set a price scale determining what different people could afford.\nit established the office of price administration.\nit set new prices weekly depending on the availability of goods.\nit established the war production board to study pricing of scarce goods.

Answer

Brief Explanations:

During certain periods like wartime when goods were scarce, the US government established the Office of Price Administration to control price - hikes. It regulated prices to prevent inflation and ensure fair access to scarce goods. The War Production Board was mainly focused on production rather than pricing. Setting a price scale based on affordability and weekly price - setting based on availability were not the main methods used.

Answer:

It established the Office of Price Administration.