At the beginning of the fall semester, college towns experience large increases in their populations, causing a(n):
A. decrease in the quantity of apartments demanded.
B. increase in the demand for apartments.
C. increase in the supply of apartments.
D. decrease in the quantity of apartments supplied.
Answer: B
You might also like to view...
Both the nominal rate of interest and the real return on investment increase with the inflation rate
Indicate whether the statement is true or false
The three components of personal consumption expenditures are:
a. durable goods, nondurable goods, and services. b. durable goods, food, and housing. c. durable goods, nondurable goods, and housing. d. durable goods, services, and food. e. durable goods, services, and transportation.
A policymaker in favor of stabilizing the economy would be likely to believe
a. recessions are a waste of resources. b. economies must suffer through the booms and busts of the business cycle. c. the long policy lags make implementing policy changes in response to recession too risky. d. policy increases the magnitude of economic fluctuations.
The price of a loan is the
A. exchange rate. B. interest rate. C. term. D. principal.