Since rent controls have been in effect in New York City, apartments have been more plentiful

A temporary supply shock that raises prices

A) will cause the real interest rate to rise in the long run. B) has no long-run impact on inflation and output. C) causes output to fall in the long run. D) causes inflation to rise in the long run.

Cost-push inflation is most likely to occur during a period of

a. falling input costs b. falling unemployment c. rising input costs d. military expansion e. military contraction