"Owners of firms in young industries should be willing to incur temporary losses if they believe that those firms will be profitable in the long run.". This observation helps to explain why many economists are skeptical about the

As shown in the figure above, the rent ceiling

A) decreases consumer surplus. B) increases producer surplus. C) decreases deadweight loss. D) increases the quantity of housing rented. E) is efficient.

Suppose Congress increases the corporate profit tax rates. This is an example of

A) discretionary fiscal policy of the expansionary variety. B) automatic fiscal policy of the expansionary variety. C) discretionary fiscal policy of the contractionary variety. D) automatic fiscal policy of the contractionary variety.