According to Keynes, what is the most important determinant of households' spending on goods and services?

The adverse effects of rent controls include

A) keeping rental rates too high in a normal market. B) excessive construction of new rental housing. C) reduced incentive to construct new rental housing. D) increased incentives for people to purchase their own homes.

If bargaining is costless and an externality exists:

a. an efficient outcome may be reached depending on which party is assigned property rights. b. an efficient outcome will be reached regardless of which party is assigned property rights. c. an efficient outcome will not be reached without government intervention. d. an efficient outcome can never be reached.