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.

---

Definitions:

Decentralized Communication Network

A structure where communication occurs freely among various levels and parts of an organization without a strict hierarchy, fostering faster decision-making and innovation.

Second-chance Meetings

Meetings designed to give individuals or teams an opportunity to revisit decisions or actions and possibly rectify past mistakes or oversights.

Wheel Communication Networks

A communication model where all messages pass through a central hub or person before being distributed to others.

Chain Communication Network

A communication system within an organization where messages pass from one member to another in a sequential manner.