Suppose the equilibrium rent in Denver is $1,050. A rent ceiling of $755 per month leads to

A) a surplus of apartments in Denver.
B) a shortage of apartments in Denver.
C) no change in the Denver apartment market.
D) fair prices in the Denver market.
E) compared to the situation at the equilibrium rent, a decrease in the quantity of apartments demanded and an increase in the quantity of apartments supplied.


B

Economics

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A) 2 percent B) 7 percent C) 17 percent D) 34 percent

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According to the simple quantity theory of money, an increase in the money supply will shift the __________ curve to the right and raise __________

A) AD; Real GDP B) AS; the price level C) AD; the price level D) AS; Real GDP E) none of the above

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M1:

A. is the sum of currency plus traveler's checks. B. is the narrowest definition of the money supply. C. includes small time deposits. D. includes credit cards.

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