Which of the following would lead to an increase in the demand for rental apartments in your area?
a. a reduction in the rental price of apartments
b. a sharp increase in the number of out-of-town students attending the local college
c. an increase in the cost of the materials used to construct apartment units.
d. an increase in unemployment and reduction in the income of people in your area
B
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In a competitive market for a private good with no price or quantity regulations, no external cost nor external benefit, low transactions costs, and no taxes or subsidies,
A) the allocation of resources is planned by the government. B) production is organized by government organizations. C) efficiency can be attained in the market with no government intervention. D) efficiency is usually be achieved by majority rule. E) efficiency is generally obtained by using a command system.
In the figure above, suppose the demand for dollars temporarily decreases so that the demand curve shifts to D2. To maintain the target exchange rate, the Fed
A) can sell dollars. B) can buy dollars. C) must violate both interest rate parity and purchasing power parity. D) cannot maintain the target exchange rate.