Which of the following is not true about the housing market?
a. The price of housing will increase or decrease in order to achieve an equilibrium
b. An increase in the demand for housing will cause an increase in the quantity supplied of housing
c. When the demand for housing increases, the price of housing will increase but the quantity supplied will not increase in the short run
d. The housing market is a unique market because most people had to borrow money to buy their homes
e. The only way to increase the supply of housing is to build more houses
B
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Monetarists believe that there is a ________ link between money supply growth and target variables and that the public is ________ in movements in the money supply
A) strong, interested B) strong, disinterested C) tenuous, interested D) tenuous, disinterested
The area between the market price and the supply curve provides a measure of: a. consumer surplus
b. producer surplus. c. consumer surplus plus producer surplus. d. marginal utility.