How Did Economists Try to Prove That Reductions in New

question 29

Multiple Choice

How did economists try to prove that reductions in new apartment building in Ontario, Canada, during the 1970-1975 period were a result of debates on rent control?

• A) They showed that the economy was declining during this period.
• B) They pointed to the fact that the OPEC oil crisis occurred at this time.
• C) They contrasted the fact that apartment building was declining while new house building was rising, in the same state of the economy.
• D) They pointed to the fact that rent controls had not been implemented during the OPEC oil crisis.

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Definitions:

Financial Statements

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

Credit

The right side of an account.

Journal Entry

A record in accounting that captures the financial transactions of a business, showing debits and credits for each transaction.

Coupon Rate

Each year, the interest yield on a bond is expressed as a percentage of its nominal value.