The above figure shows the market for 2 bedroom town homes in San Diego. If a rent ceiling is set at $1,000 per month, then there is a
A) surplus equal to 150,000 town homes.
B) shortage equal to 100,000 town homes.
C) surplus equal to 100,000 town homes.
D) shortage equal to 150,000 town homes.
E) shortage equal to 250,000 town homes.
D
Economics
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By definition, M1 includes:
a. savings accounts. b. money market mutual accounts. c. small denomination time deposits. d. checkable deposits.
Economics
Refer to the below table. If output increases by 8% from Year 5 to Year 6, then in that period
A.
Real GDP will rise faster than nominal GDP
B.
Real GDP will rise slower than nominal GDP
C.
Nominal GDP will decrease
D.
Real GDP will decrease
Economics