Rent controls often have adverse effects, including
A) too much housing in a community.
B) deterioration in the quality of existing rental units.
C) too much construction of new rental units in the community.
D) income transfers from the poor to landlords.
B
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The teal book is the Fed research document containing
A) the forecast of national economic variables for the next three years. B) forecasts of the money aggregates conditional on different monetary policy stances. C) information on the state of the economy in each Federal Reserve district. D) both A and B. E) A, B and C.
The command economy of World War I (1914–18) possessed which of the following traits?
(a) Decentralized decision-making in the markets (b) The creation of many state agencies (c) Volunteers for the armed forces (d) Centralized decision making by bureaucrats