Murphy's Law c. Samuelson's complex d. The problem is with us as long as resources are not available in unlimited amounts. The problem will quite likely disappear as production increases. The problem will be sure to disappear with the growth of technology. The problem would not exist if man did not attempt to change basic economic laws through the machinery of government 6.
Rent control is practiced in some cities, notably New York City.
Rent controls set apartment rentals below equilibrium rents. GDP is in equilibrium a. Suppose that the required reserve ratio is 20 percent. V cannot be calculated with the available information e. If the Federal Reserve authorities were attempting to reduce inflationary pressures, the proper policies would be to government securities, reserve requirements, and the discount rate.