Which of the Following Statements About the Effects of Rent

question 208

Multiple Choice

Which of the following statements about the effects of rent control is correct?

• A)The short-run effect of rent control is a surplus of apartments,and the long-run effect of rent control is a shortage of apartments.
• B)The short-run effect of rent control is a relatively small shortage of apartments,and the long-run effect of rent control is a larger shortage of apartments.
• C)In the long run,rent control leads to a shortage of apartments and an improvement in the quality of available apartments.
• D)The effects of rent control are very noticeable to the public in the short run because the primary effects of rent control occur very quickly.

---

Definitions:

Check Alteration

The unauthorized modification of details on a check, such as the amount or payee, usually for fraudulent purposes.

Coffee Club

An informal group or organization formed by individuals who share a common interest in drinking coffee and social interaction.

Big Bank

A large, influential financial institution capable of exerting significant impact on the national or global economy.

Banking System

The network of financial institutions that provide banking services, such as accepting deposits and lending money.