Rent control is an example of
A) a price floor.
B) a price ceiling.
C) the rationing function of prices not working.
D) the government increasing the demand for certain products.
B
Economics
You might also like to view...
If a portion of the loans extended by commercial banks is taken as cash rather than as checkable deposits, the maximum money-creating potential of the commercial banking system will:
A. be equal to twice the reciprocal of the reserve ratio. B. be unaffected. C. increase. D. decrease.
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
Economics