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.

Question

Quizplus · Accepted Answer

By contrasting the decline in apartment building with the rise in new house building, economists were able to argue that the decline in apartment building was not simply a result of the overall economic situation, but rather specific policies aimed at controlling rent prices. A and B are incorrect because they do not address the relationship between apartment building and rent control debates. D is also incorrect because it does not directly address the issue of apartment building.

How Did Economists Try to Prove That Reductions in New