Recall the Application about the possible link between interest rates and commodity prices worldwide to answer the following question(s).According to this Application, some economists noticed that commodity prices such as oil increased since the summer of 2010. They suggested that the increase in the commodity prices was caused by:
A. expansionary monetary policy used by the U.S. and other major economies.
B. expansionary fiscal policy used by the U.S. and other major economies.
C. contractionary monetary policy used by the U.S. and other major economies.
D. contractionary fiscal policy used by the U.S. and other major economies.
Answer: A
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Rent control is an example of a price ceiling
Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false