If the supply curve for housing has the normal positive slope, rent controls will likely
a. increase the amount of housing.
b. improve the quality of housing.
c. aggravate the housing shortage.
d. help low-income families find suitable housing.
e. increase the demand for housing.
c
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Currently, the U.S. national income and product accounts (NIPA) use what type of price index to calculate real GDP?
A) Fixed-weight B) Variable-weight C) Chain-weight D) Heavy-weight
In the simple Keynesian aggregate expenditure model, the equilibrium level of disposable income is achieved when:
a. the employment rate is equal to the labor force participation rate. b. saving equals investment c. aggregate expenditures exceed output. d. aggregate expenditures are equal to real disposable income.
Unions have the power to
a. set all working rules. b. increase the firm's total taxes. c. push wages above competitive levels at times. d. make a firm nationalized.
The three basic legal forms of business enterprise in the United States are
A) monopolies, enterprises, and competitors. B) vertical, horizontal, and conglomerate corporations. C) national, global, and multinational corporations. D) proprietorships, partnerships, and corporations.