Despite the Elimination of the Federal Budget Deficit in the Late

question 88

Multiple Choice

Despite the elimination of the federal budget deficit in the late 1990s, the trade deficit increased due to

• A)increased household saving.
• B)decreased household saving.
• C)a depreciation of the dollar.
• D)an increase in inflation rates.

Understand the concept and objectives of rent controls.

Analyze the long-term effects of rent controls on housing efficiency and economic welfare.

Evaluate the impact of rent controls on tenants and landlords.

Understand the concept and components of Gross Domestic Product (GDP).