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hey internet this is jacob clifford now youve already learned demand and supply equilibrium how these curves shift consumer surplus producer surplus so now its time to take all that stuff and solve a mystery specifically a chicken murder mystery this murder was actually cut on tape this guy was dumping boxes of live baby chickens into a barrel to drown them oh thats so sad lets see if you can use economics to explain why this is happening so heres some clues number one this is not just some random guy that likes killing chickens hes actually a chicken farmer whose job is to raise chickens clue number two the year is 1971 and clue number three this guys president in 1971 the u.s economy had a serious problem with inflation so to keep prices from going up even further president nixon did this i am today ordering a freeze on all prices and wages throughout the united states for a period of 90 days this was the first time that widespread price controls were used in the united state
