In a free market, the price of housing adjusts to eliminate the shortages that give rise to undesirable landlord behavior

The figure above shows the market demand curve for a market with three firms. It also shows a firm's marginal cost curve. In this oligopoly, what is the range of output and prices? Why does this range of outcomes exist?

What will be an ideal response?

Expansionary monetary policy refers to the ________ to increase real GDP

A) Federal Reserve's decreasing the money supply and increasing interest rates B) government's decreasing spending and raising taxes C) Federal Reserve's increasing the money supply and decreasing interest rates D) government's increasing spending and lowering taxes