A rent ceiling set above the equilibrium rent has no effect
Indicate whether the statement is true or false
TRUE
Economics
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Which of the following was the single largest component of wealth in colonial America?
(a) Land (b) Stocks (c) Bonds (d) Capital
Economics
Suppose that X and Y are complementary goods. If the price of good X decreases, we can expect the:
a. demand for good X to increase. b. quantity demanded of good Y to decrease. c. quantity demanded of good Y to increase. d. demand for good Y to decrease. e. demand for good Y to increase.
Economics
Currency held outside banks is included in
A. M2 only. B. neither M1 nor M2. C. M1 only. D. both M1 and M2.
Economics
Housing prices peaked
A. right as the recession began in December 2007. B. before the recession of 2007-2009 began. C. after the recession began in December 2007. D. in 1999.
Economics