The above figure shows the apartment rental market in Bigtown. If the Bigtown Housing Authority imposes a rent ceiling of $500 per month, the rent ceiling will help
A) all renters.
B) some renters and hurt other renters.
C) all landlords.
D) some landlords and hurt other landlords.
B
Economics
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If the nominal interest rate is 8 percent and the real interest rate is 5.5 percent, then the inflation rate is
a. -2.5 percent. b. 0.45 percent. c. 2.5 percent. d. 13.5 percent.
Economics
Suppose that studies show that a ten percent increase in the minimum wage decreases the number of minimum wage jobs by one percent. That would be the case if:
A. demand for labor is inelastic. B. demand for labor is elastic. C. supply of labor is inelastic. D. supply of labor is elastic.
Economics