In a city with rent-controlled apartments, all of the following are true except
A) landlords have an incentive to rent more apartments than they would without rent control.
B) apartments usually rent for rates lower than the market rate.
C) it usually takes more time to find an apartment than it would without rent control.
D) apartments are often in shorter supply than they would be without rent control.
A
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Which of these is NOT one of the issues that makes it difficult for the Fed to choose the right course of action at the right time?
A. The Fed's incomplete and imperfect control of the money supply B. The quality of the data the Fed uses C. The time that it takes for the Fed to decide on a course of action D. The time it takes for Fed action to have an impact
If real GDP is $4 billion, the price level is 1.25, and the nominal money stock is $500 million, then velocity is
A. 1. B. 10. C. 0.1. D. 100.