Housing Shortages Caused by Rent Controls Are Larger in the Long

question 247

True/False

Housing shortages caused by rent controls are larger in the long run because the supply of housing is more elastic in the long run.

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Definitions:

Internal Attributions

Explanations for people's behaviors based on their internal characteristics, such as personality traits, motives, or attitudes, as opposed to the influence of external circumstances.

External Attributions

The process of assigning the cause of a behavior or event to factors outside the individual, such as situational or environmental influences.

Causal Explanation

An assertion or theory that attempts to explain the cause of a particular event or phenomenon, establishing one factor as leading to the effect of another.

External Attributions

The process of attributing the cause of behaviors or events to factors outside the individual, such as situational or environmental forces.