Robert Lucas spurred the rational expectations revolution in ________

A) the 1960s
B) the 1970s
C) the 2000s
D) the 1880s

B

Economics

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Rent control has become less common because it

a. caused housing shortages b. caused housing surpluses c. encouraged the black market d. led to rationing

Economics

A monopoly faces an inverse demand curve of P = 100 - 2Q. The marginal cost curve is MC = .5Q. What government price ceiling would represent optimal price regulation?

What will be an ideal response?

Economics