Expansionary monetary policy will:
A. Reduce the lending capacity for banks.
B. Raise interest rates.
C. Encourage people to borrow more money.
D. Reduce the equilibrium price level.
C. Encourage people to borrow more money.
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The above figure shows the apartment rental market in Bigtown. If there is a shortage of 200,000 apartments in the Bigtown rental market, it might be because the Bigtown Housing Authority has imposed a rent
A) ceiling of $750.00 monthly. B) ceiling of $500.00 monthly. C) floor of $750.00 monthly. D) floor of $500.00 monthly.
Renewable resources are those that
a. can be renewed, but only with the use of energy resources. b. are constantly being renewed by nature. c. will inevitably run out over time, like all other resources. d. are not really scarce, because they are constantly renewed naturally.