CHAPTER FIVE PROBLEM SETTHE ASSIGNMENT IS ATTACHED BELLOW:THE SEGUND IS:Rent con

CHAPTER FIVE PROBLEM SETTHE ASSIGNMENT IS ATTACHED BELLOW:THE SEGUND IS:Rent control today looks far different than the rent freeze New York City enacted after World War II. Most rent controls today simply restrict annual rent increases and guarantee landlords a fair return in exchange for maintaining their properties.Questions: a. How do rent controls today that allow annual rent increaseattempt to address the problems created by the traditional rent freeze discussed in your text? b. Do you considerrent controlsan appropriate mechanism to address the disproportionate power that landlords hold over tenants? Why or why not? Source: Copied & Paraphrased from Colander (2010): Macroeconomics 8th edition