Rent control is a form of price _____ and is responsible for housing _____.
A. floor; shortages
B. floor; surpluses
C. ceiling; shortages
D. ceiling; surpluses
C. ceiling; shortages
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Refer to the figure below. In this game, the dominated strategy for Player A: 
A. will depend on Player B's move. B. is to play down. C. is to play up. D. is to cooperate with Player B.
Classical economists believe that the economy tends naturally toward
a. full employment and zero inflation equilibrium without government interference b. zero unemployment and zero inflation as long as the Federal Reserve keeps interest rates low c. high unemployment unless the Federal Reserve constantly adjusts the money supply d. high inflation unless the government curbs its spending habits and cuts tax rates to spur economic activity e. monetary equilibrium as long as money velocity is less than one
Assuming that all other things are equal, including the wage, which of the following statements is correct?
a. The quantity of labor supplied for difficult jobs exceeds that for easy jobs. b. The quantity of labor supplied for fun jobs exceeds that for dull jobs. c. The quantity of labor supplied for dangerous jobs exceeds that for safe jobs. d. All of the above are correct.
If a monopolist knows its price elasticity of demand is greater than one, then a(n) _____ in price will _____ total revenue.
a. decrease; increase b. increase; not change c. increase; increase d. decrease; decrease