Figure: Short and Long Run Shortages Use the Figure

question 95

Multiple Choice

Figure: Short and Long Run Shortages Use the figure. At a rent-controlled price of $800, the short-run shortage of apartments is ________ and the long-run shortage is ________.

• A) 12,000; 4,000
• B) 4,000; 12,000
• C) 8,000; 4,000
• D) 8,000; 12,000

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Definitions:

Cognitive Theorists

Researchers or psychologists who study the mental processes of perception, memory, judgment, and reasoning, and how these processes might influence behavior.

Social Anxiety Disorder

A chronic mental health condition characterized by significant anxiety or fear of social situations, where individuals feel overly concerned about being judged or embarrassed.

Negative Aspects

The unfavorable or harmful parts or characteristics of a situation, phenomenon, or substance.

GABA Systems

Refers to the system in the brain that uses gamma-aminobutyric acid (GABA) as a neurotransmitter, playing a key role in regulating nervous system activity and involved in anxiety disorders.