Which of the following is NOT a characteristic of rent controls?
A. Excess demand for apartments
B. Fewer newly built apartment buildings
C. Lower expenditures on maintenance
D. Greater availability of apartments
Answer: D
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The long-run Phillips curve is consistent with
a. a negative relationship between unemployment and the rate of expected inflation. b. the expected real wage being equal to the actual real wage. c. the actual price level being equal to the expected price level. d. no relationship between inflation and unemployment. e. all of the above except a.
Which of the following would be considered open-access common property?
A) a library B) the world wide web C) a company gym D) broadcast television
Is the stock of a corporation with an excellent earnings record likely to be a better buy than the stock of a corporation doing very badly?
A) No, because the price of each stock will reflect differing situations. B) Only if their different earnings records have persisted for several years. C) Yes, because stocks with large dividend returns to owners are always good buys. D) Yes, because the future is more likely to resemble the past than to differ from it in any systematic way.
Describe the Clayton Act
What will be an ideal response?