The figure above illustrates a rental housing market in which there is a rent ceiling of $400 a month. The rent ceiling is strictly enforced. The number of apartments rented is
A) less than 2 thousand.
B) 2 thousand.
C) 3 thousand.
D) 4 thousand.
B
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The quantity of money demanded increases at every combination of GDP and interest rate. If the Fed holds to an unchanged interest rate target, the interest rate __________ and GDP __________
A) rises; falls B) rises; remains unchanged C) remains unchanged; remains unchanged D) remains unchanged; falls
A demand curve that has constant price elasticity of demand coefficient equals to one at all points is a(n):
a. rectangular hyperbola. b. downward-sloping straight line. c. upward-sloping straight line. d. none of these.
The United States has a dual banking system consisting of state banks and national banks
a. True b. False Indicate whether the statement is true or false
The lag in realizing that a macroeconomic problem exists is called
A) the recognition lag. B) the implementation lag. C) the impact lag. D) the market lag.