Rent controls are designed to protect consumers from high rents.
Answer the following statement true (T) or false (F)
True
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Which of the following is true of a country with a managed exchange rate system?
A) The central bank of the country always pursues contractionary monetary policy. B) The current account balance of the country is always positive. C) The current account balance of the country is always negative. D) The central bank of the country actively intervenes to influence the exchange rate.
Which of the following could generate economic profits for perfectly competitive firms in the short run, if they initially earn zero economic profits?
A) a fall in demand B) a unit tax on output C) an increase in total fixed costs D) a decrease in input prices
A country will not trade unless
A. It has an absolute advantage. B. Its balance of trade is in a surplus position. C. The production possibilities increase. D. The terms of trade are superior to domestic opportunities.
The long-run aggregate supply curve is ______ because along it, as prices rise, the money wage rate ________.
What will be an ideal response?