Who is most likely to benefit from rent controls?
A) consumers who are able to obtain apartments at the controlled rents
B) consumers who are unable to obtain apartments at the controlled rents
C) landowners who can lease the apartments at the controlled rents
D) the government that controls the rents
A
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Difficulties in determining the cyclical pattern in real wage rates from aggregate data are primarily caused by biases due to
A) substitution behavior. B) substantial differences across different business cycles. C) variations in the composition of the labor force over the business cycle. D) changing policy responses to business cycles.
Stock prices are determined by only past performance
Indicate whether the statement is true or false
One problem that haunts most antitrust litigation is that: a. the government seldom wins
b. the appearance of vigorous competition resembles acts that undermine competition. c. it has the effect of preventing firms from being tough on their rivals. d. the defendant firm may be destroyed.
Which of the following would most likely occur if the federal government increased its spending and enlarged the size of the budget deficit during a period of full employment?
A. The rate of inflation would decline. B. The rate of inflation would rise. C. A recession would develop. D. Interest rates would fall.