The textbook suggests that rent controls
A) actually contribute to the housing boom in an area where they are applied.
B) actually contribute to the housing shortage in the area where they are applied.
C) are used in a government kickback scheme.
D) have no effect on the local housing market.
Answer: B
Economics
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An economy's ________ during a recession
A) labor supply curve shifts to the right B) labor demand curve shifts to the right C) labor supply curve shifts to the left D) labor demand curve shifts to the left
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The costs imposed on a firm from changing listed prices is termed: a. the nominal cost of inflation
b. the shoe-leather cost of inflation. c. the menu cost of inflation. d. the implied cost of inflation.
Economics