Rent controls are designed to protect consumers from high rents
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following would increase the supply of physicians?
a. Increasing the cost of attending medical school. b. More scholarships and grants to cover medical school tuition. c. Increasing the medical school entrance requirements to include 15 hours of economics. d. Making it easier for plaintiffs to prove medical malpractice claims. e. Paying medical schools to eliminate residency opportunities in some specialties.
If consumption changes because of a change in the price level, then the
A) economy moves from one point on an AD curve to another point on the same curve. B) AD curve shifts. C) economy moves from one point on a SRAS curve to another point on the same curve. D) SRAS curve shifts. E) none of the above