Author Question: If the supply curve for housing has the normal positive slope, rent controls are likely to: a. ... (Read 77 times)

Shelles · **on:** Jun 30, 2018

If the supply curve for housing has the normal positive slope, rent controls are likely to:
a. increase the quantity of available housing.
b. improve the quality of available housing
c. create a larger shortage than if the supply curve were vertical.
d. help low-income families find suitable housing.

Question 2

Paper money is fiat money because it has been declared by government as a means of exchange.
a. True
b. False
Indicate whether the statement is true or false