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. If supply and demand schedules both shift to the right at every price, then a. output will increase, but price may increase or decrease b.
Rent control is practiced in some cities, notably New York City.
Rent controls set apartment rentals below equilibrium rents. The relative shares of income spent on particular components of a typical consumer's marketbasket of commodities are used to compute a. the GDP deflator b. the PPI c. GDP is in equilibrium a. Suppose that the required reserve ratio is 20 percent. V cannot be calculated with the available information e.