Government Interventions

Two famous government interventions in the market are minimum wage and rent control laws.  Using the Powerpoint notes and video in this module, plus your own research if needed, explain the consequences of minimum wage and rent control laws.  Explain how these two interventions help some people but hurt others.  In your explanation be sure to use and bold the following words and phrases:  market equilibrium, price floor, surplus, shortage, and price ceiling.  In order to get a good grade you will need to use the above words and explain everything in your own words.