Capital is defined as
A. a flow of money into a business to buy various inputs.
B. automated production processes that require little or no labor.
C. interest payments to owners of companies.
D. an inventory of plant, equipment, and other productive resources held by a firm.
Answer: D
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When a law freezes residential rents at their existing level for as long as the vacancy rate remains below some target level,
A) owners will be encouraged to supply additional rental units. B) rents will be frozen indefinitely, or at least until the law is changed. C) affordable housing to low-income people will be guaranteed. D) the vacancy rate will rise.
Which of the following will cause the LM curve to shift up?
A) an increase in the expected future interest rate B) an increase in current income C) an increase in expected future taxes D) all of the above E) none of the above