Rent Control

question 132

Multiple Choice

Rent control

• A)is an example of a price ceiling.
• B)leads to a larger shortage of apartments in the long run than in the short run.
• C)leads to lower rents and,in the long run,to lower-quality housing.
• D)All of the above are correct.

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Definitions:

Categorical Grants

Federal funds provided to states and localities, earmarked for specific, narrowly defined purposes, usually with conditions attached.

Unfunded Mandates

Regulations or requirements imposed by higher levels of government without providing corresponding funds to cover the costs.

Block Grants

Funds provided by the federal government to state and local governments to support broad purposes with relatively few restrictions on how they are spent.

Cooperative Federalism

A concept of federalism in which national, state, and local governments interact cooperatively and collectively to solve common problems.