A rent ceiling set below the equilibrium rent will
A) increase search activity.
B) decrease search activity.
C) have no effect on search activity.
D) shift the housing supply curve rightward.
A
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When the economy is at full employment, the
A) natural unemployment rate is equal to 0 percent. B) natural unemployment rate equals the unemployment rate. C) natural unemployment rate is equal to 10 percent. D) unemployment rate is equal to 0 percent. E) frictional unemployment rate is equal to 0 percent.
Examples of life-cycle wealth include all of the following except
a. homes b. stocks and bonds c. wages and salaries d. automobiles e. personal clothing
Last year the Olsen family earned $70,000. This year their income is $77,000. In an economy with an inflation rate of 8 percent, we can conclude that the Olsen's nominal income:
A. and real income both increased. B. and real income both decreased. C. increased, but their real income decreased. D. decreased, but their real income increased.
All of the following would be considered explicit costs of operating a business except
A) rent paid to a landlord. B) bonuses paid to employees. C) a normal rate of return for investors. D) corporate income taxes.