Rent controls are most often designed to protect the investment made by apartment building owners

Gretchen expects the price level to rise from 104 this year to 108 next year, and she is able to incorporate these expectations into her wage contract. If the price level rises to 106 next year instead of 108, which of the following will occur?

A) Gretchen's real wage will be unchanged. B) Gretchen's real wage may rise or fall, depending on the unemployment rate. C) Gretchen's real wage will fall. D) Gretchen's real wage will rise.

Even if some people are hurt by international trade, the HO model predicts that free international trade improves the standard of living for the country as a whole

Indicate whether the statement is true or false