The Long-Run Effects of Rent Controls Are a Good Illustration

question 112

Multiple Choice

The long-run effects of rent controls are a good illustration of the principle that

• A)society faces a short-run tradeoff between unemployment and inflation.
• B)the cost of something is what you give up to get it.
• C)people respond to incentives.
• D)government can sometimes improve on market outcomes.

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Definitions:

Moving the Arms

The action or process of relocating the upper limbs through the coordinated effort of muscles and joints.

Symphysis

A type of cartilaginous joint where the bones are joined by fibrocartilage, providing slight movement and acting as a shock absorber.

Superior Surface

The uppermost part or face of an object, often referring to anatomy where it denotes the topmost aspect of a structure.

Rectus Abdominis

A long muscle of the anterior abdominal wall that helps flex the spine and maintain posture.