Over Time,housing Shortages Caused by Rent Control

question 120

Multiple Choice

Over time,housing shortages caused by rent control

• A)increase,because the demand for and supply of housing are less elastic in the long run.
• B)increase,because the demand for and supply of housing are more elastic in the long run.
• C)decrease,because the demand for and supply of housing are less elastic in the long run.
• D)decrease,because the demand for and supply of housing are more elastic in the long run.

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Definitions:

Achievement-Oriented Leadership

Emphasizes setting goals, stressing excellence, and showing confidence in people’s ability to achieve high standards of performance.

Milton Friedman

Milton Friedman was an influential American economist known for his work on monetary policy, market capitalism, and the advocacy of free markets.

Sole Purpose

The single, main objective or aim for which something is designed or exists.

Behavioral Approach

A methodology in management and psychology that focuses on understanding and influencing human behavior through observation and empirical evidence.