Which of the following provides medical insurance for individuals who fall below the poverty line?
a. Medicaid
b. Medicare
c. Affordable Care Act
d. Temporary Assistance for Needy Families
a. Medicaid
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
If aggregate demand is stable and there is economic growth, the economy will experience
A. secular depreciation. B. secular degeneration. C. secular deflation. D. secular decline.
The ________ program was created in 1975 to provide rebates of Social Security taxes to low-income workers.
A. TANF B. EITC C. food stamp D. SSI
A monopolistically competitive firm that is incurring a loss will shut down if
A. price is less than marginal cost. B. price is less than average total cost. C. revenues are less than variable costs. D. marginal revenue is less than marginal cost.