Of the following OECD countries, which has the highest per-capita spending on health care?

A) the United Kingdom
B) Japan
C) Canada
D) the United States


D

Economics

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When a government has a budget deficit, it must issue (sell) government bonds to finance the deficit

Does it matter for the rate of inflation if the government sells the government bonds to the public or sells the government bonds to the central bank? Explain why it does or does not matter.

Economics

Suppose in a democratic society, all voters prefer choice G over choice B; however, when the two choices are presented along with a third choice, R, B wins the election. This violates the assumption of

A) transitivity. B) non-dictatorship. C) independence of irrelevant alternatives. D) completeness.

Economics

The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:

A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.

Economics