What would happen in the market for rental housing in your community if the local government legally mandated rents that were below the market clearing price?
A. The demand for rental housing would increase.
B. There would be a shortage of rental housing.
C. The supply of rental housing would decrease.
D. There would be a surplus of rental housing.
Answer: B
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How did the international monetary system influence macroeconomic policy-making and performance during the interwar period (1918-1939)?
What will be an ideal response?
The process in which people seeking higher yielding securities take their funds out of the banking system thus restricting the amount of funds banks can lend is called
A) capital mobility. B) loophole mining. C) disintermediation. D) deposit jumping.
From 1865 to 1910, the U.S. share of world trade was
(a) nonexistent. (b) miniscule. (c) disproportionately small compared to the British. (d) disproportionately high compared to the U.S. population.
An rational, optimizing, self interested consumer would consume up to the point where
a. the consumer surplus from the last unit is positive b. the consumer surplus from the last unit is negative c. the consumer surplus from the last unit is zero d. none of the above