Over time, housing shortages caused by rent control
a. increase, because the demand for and supply of housing are less elastic in the long run.
b. increase, because the demand for and supply of housing are more elastic in the long run.
c. decrease, because the demand for and supply of housing are less elastic in the long run.
d. decrease, because the demand for and supply of housing are more elastic in the long run.
Answer: b. increase, because the demand for and supply of housing are more elastic in the long run.
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A) technological change is random. B) technological change can be influenced by savings. C) more growth encourages more technological change. D) None of the above answers is correct.
The Clayton Act:
A) was passed in 1985 over the objections of then President Reagan. B) outlaws racial discrimination in the practice of business. C) outlaws the ownership of stock by the U.S. government unless it is in public enterprises. D) outlaws price discrimination unless based on cost differences.
In the recession that started in 2008, the savings rate:
A. increased. B. decreased. C. stayed the same. D. became negative.
A monopsony is a market situation in which there is only one seller
a. True b. False Indicate whether the statement is true or false