A group of firms that colludes to limit competition by assigning production quotas and setting a uniform price for all is called a(n)

If the Federal Reserve purchases $1 million in government securities in the open market, with a 25 percent required reserve ratio on deposits, the maximum increase in deposits would be

a. $4 million. b. $10 million. c. $25 million. d. -$4 million. e. none of the above

Which of the following would likely result as a consequence of rent controls?

A) a reduction in the rate of construction of rental housing units B) unimproved buildings and apartment complexes C) limits on tenant mobility D) All of the above are correct.