Place point X on the graph to indicate an unemployment rate of 10 percent.
Economics
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In the figure above, the demand curve shifts rightward from D0 to D1 so that D1 is the relevant demand curve. Suppose the government imposes a rent ceiling of $500 per month. In the short run there will be
A) a surplus of apartments. B) a shortage of 200,000 apartments. C) a shortage of 300,000 apartments. D) neither a shortage nor a surplus of apartments.
Economics
The cross-price elasticity of demand for coffee and tea is likely to be
A) greater than zero. B) less than zero. C) zero. D) infinity.
Economics
Appreciation of the dollar means that now it takes more dollars to buy one unit of foreign currency
a. True b. False Indicate whether the statement is true or false
Economics
Law of Supply and Demand
What will be an ideal response?
Economics