The long-run effect of rent control on an area includes
A) rampant building of new low-income housing.
B) many new luxury apartments new luxury apartments will be built.
C) new investors into the real estate market in the area.
D) less investment into the real estate market in the area.
D
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According to purchasing-power parity, when a country's central bank decreases the money supply, a unit of money
a. gains value both in terms of the domestic goods and services it can buy and in terms of the foreign currency it can buy. b. gains value in terms of the domestic goods and services it can buy, but loses value in terms of the foreign currency it can buy. c. loses value in terms of the domestic goods and services it can buy, but gains value in terms of the foreign currency it can buy. d. loses value both in terms of the domestic goods and services it can buy and in terms of the foreign currency it can buy.
Assume that Country X and Country Y are trading partners and the exchange rates are fixed. If prices in Country Y fall, which of the following is expected to happen?
A. Country X will export more. B. Economy of Country X will be depressed. C. Net exports will rise for Country X. D. Country Y will import more.