Renters of rent-controlled apartments will likely benefit from both lower rents and higher quality of apartments
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following shows a negative relationship between the output and unemployment gaps?
A) the AS curve B) the Phillips curve C) Okun's law D) the classical dichotomy E) none of the above
If protective import-restricting quota are imposed by a country, all of the following groups benefit EXCEPT
A) domestic producers in the affected industry. B) domestic consumers in the affected industry. C) employees of domestic producers in the affected industry. D) importers that are able to obtain the rights to sell imported items in the affected industry.
After a price floor of $23 is placed on the market in the graph shown, which area represents total surplus?
A. A
B. B + C + E + F
C. A + B + E
D. A + B + C + E + F
The principal result of the rising value of the U.S. dollar in the mid-1990s was the
a. lower foreign inflation. b. lower U.S. interest rates. c. opportunities for currency speculation. d. attractive investments in U.S. technology.