OECD Data for 1960 Through 1999 Indicates That a 10

question 149

Multiple Choice

OECD data for 1960 through 1999 indicates that a 10 percent increase in government expenditures as a percent of GDP

• A) increases economic growth by about 5 percent.
• B) increases economic growth by about 2 percent.
• C) has no effect on economic growth.
• D) reduces economic growth by about 1 percent.

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Definitions:

Rent Control

Government policies or laws that limit the amount landlords can charge for leasing property to keep housing affordable for renters.

Affordable Housing

Housing units that are reasonably priced and affordable to those with a median household income.

Price Ceiling

A legally imposed maximum price on a good or service, above which it cannot be sold.

Rent Control

Government-imposed limits on the amount landlords can charge for renting out housing or apartments, intended to keep housing affordable.