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floor price (D4, K2)<br />A minimum controlled price, e.g. a MINIMUM WAGE or agricultural product prices. Minimum wage laws are enforced by inspectorates; agricultural prices are prevented from falling below pre-set minima by government purchases of excess production. If P1 is the floor price and Pe is the equilibrium price the government can
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program trading (US) (G1)<br />Wall Street, New York, method of computer trading conducted by watching the relationship between the trend and fluctuations of stock market prices. In favour of this system it is claimed that INST!TUTIONAL INVESTORS benefit as they can tolerate large short-term losses but few individuals are rich enough to participate in this type of trading. However, the system can cause a high volume of sell orders to occur simultaneously bringing about massive declines in stock prices as took place in October 1987. As a result of the BRADY COMMISSION, the program trading of the NEW YORK STOCK EXCHANGE is prohibited whenever stocks fall by more than 50 points in any one trading day. A similar method is used in the UK.<br /><em>See also:</em> circuit breaker mechanism
Review of Economics and Statistics 43: 21-6.
<strong>Code of Federal Regulations (CFR)</strong> – The regulations from the U.S. Department of Education relating to the federal student aid programs are codified in Volume 34. Part 668 governs the student assistance general provisions. Part 682 regulates the FFEL Program.
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