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Author Question: When rent controls establish a legal maximum rental rate below the equilibrium rental rate A) ... (Read 111 times)

mia

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on: Jun 29, 2018
When rent controls establish a legal maximum rental rate below the equilibrium rental rate
 
  A) quantity demanded exceeds quantity supplied.
  B) quantity supplied exceeds quantity demanded.
  C) demand exceeds supply.
  D) supply exceeds demand.

Question 2

In the above figure, assume the aggregate demand of the economy is AD2 and the Fed actions move aggregate demand to AD1. In this situation, the Fed has practiced
 
  A) contractionary monetary policy.
  B) expansionary monetary policy.
  C) irresponsible fiscal policy.
  D) Keynesian fiscal policy.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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tranoy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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