Estimates of the overstatement of cost of living by the CPI suggest the magnitude of the overstatement is roughly

Which of the following is not true about the housing market?

a. The price of housing will increase or decrease in order to achieve an equilibrium b. An increase in the demand for housing will cause an increase in the quantity supplied of housing c. When the demand for housing increases, the price of housing will increase but the quantity supplied will not increase in the short run d. The housing market is a unique market because most people had to borrow money to buy their homes e. The only way to increase the supply of housing is to build more houses

There is only one explanation for why economists give conflicting advice on policy issues, and it is that they have different values about what policy should try to accomplish

a. True b. False Indicate whether the statement is true or false