Over time, housing shortages caused by rent control
a. increase, because the demand for and supply of housing are less elastic in the long run.
b. increase, because the demand for and supply of housing are more elastic in the long run.
c. decrease, because the demand for and supply of housing are less elastic in the long run.
d. decrease, because the demand for and supply of housing are more elastic in the long run.
b
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The health care system in ________ is referred to as socialized medicine, under which the government owns most of the hospitals and employs most of the doctors
A) Canada B) Japan C) the United Kingdom D) the United States
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.