With loose enforcement of a rent ceiling, ______.
Fill in the blank(s) with the appropriate word(s).
The black market rent is close to the unregulated rent.
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When the Fed buys or sells government bonds to private banks in exchange for reserves, it is referred to as:
A) the Fed's dual mandate. B) open market operations. C) reserve targeting. D) moral suasion.
If a technological change occurs such that the production function shifts from q = 10K0.5 L0.5 to q = 10.5K0.3 L0.5, then the technological change is
A) both neutral and non-neutral. B) neutral. C) non-neutral. D) Not enough information given.
Which of the following is not an example of a type of factor of production?
a. land b. labor c. government d. capital
Refer to Figure 26.1. The output that maximizes production efficiency for this firm is
A. Q1. B. Q2. C. Q3. D. Q4.