Which of the following is NOT a characteristic of rent controls?
A. Fewer newly built apartment buildings.
B. Greater availability of apartments.
C. Lower expenditures on maintenance.
D. Excess demand for apartments.
Answer: B
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Which of the following will NOT shift the supply curve for pick-up trucks?
A) a technological advance B) an increase in the price of a resource used to produce pick-up trucks C) a change in the number of firms supplying pick-up trucks D) a change in the price of pick-up trucks
In the open-economy macroeconomic model, other things the same, when a U.S. resident imports a foreign good, the demand for dollars in the foreign-currency exchange market decreases
a. True b. False Indicate whether the statement is true or false
The monetary approach basically looks at as the fundamental variable affecting exchange rates.
a. interest rates; short-run b. interest rates; long-run c. the price level; short-run d. the price level; long-run
Which of the following will shift the aggregate demand curve to the right?
A. The government reduces purchases to balance the budget. B. Consumers become more optimistic about the future. C. Foreign economies fall into recession, reducing their demand for domestic exports. D. Income taxes are raised.