Are rent ceilings fair?
What will be an ideal response?
A rent ceiling is unfair because it
1) Blocks voluntary exchange
2) Doesn't generally benefit the poor
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Changes in which of the following will cause a change in exchange rates?
A) real interest rates B) consumer preferences C) perceptions of economic and political stability D) all of the above
The difference between U.S. financial regulation between the 1930s-to-1980 period and the 1980-to-2010 period is:
a. The earlier period was characterized by relatively loose government regulations and the later one was characterized by stricter government regulations. b. The earlier period was characterized by heavy use of the originate-to-hold" strategy. c. The earlier period was characterized by recurring, nation-wide speculative housing bubbles. d. The earlier period was characterized by heavy use of securitization. e. All of the above.
Suppose that a central bank reduces the money supply growth rate to disinflate. What does disinflation mean? If people do not alter their inflation expectations, what happens to output and unemployment?
Labor and land are substitutes. If rent goes up and the amount of labor used goes down, we can assume that the
A. output effect outweighed the substitution effect. B. the substitution effect outweighed the output effect. C. the substitution effect and the output effect canceled each other out. D. there is no way to determine the relative weights of the substitution effect and the output effect.