The long-run effects of rent controls are a good illustration of the principle that
A) society faces a short-run tradeoff between unemployment and inflation.
B) the cost of something is what you give up to get it.
C) people respond to incentives.
D) government can sometimes improve on market outcomes.
Correct Answer:
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Q173: Which of the following statements about the
Q174: Which of the following is not a
Q175: The U.S.Congress first instituted a minimum wage
Q176: Under rent control,landlords cease to be responsive
Q180: In the short run,rent control causes the
Q181: The minimum wage
A)is an example of a
Q182: Opponents of the minimum wage point out
Q183: Unlike minimum wage laws,wage subsidies
A)discourage firms from
Q272: The minimum wage was instituted to ensure
Q273: Which of the following is correct?
A)Rent control
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