If too many high risk policyholders migrate to a comprehensive health insurance plan which covers a wide range of treatments, the price of a policy must increase
Indicate whether the statement is true or false
T
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According to the Taylor rule, the Federal Reserve lowers the real interest rate as the output gap ________ or the inflation rate ________.
A. decreases; increases B. increases; decreases C. decreases; decreases D. increases; increases
The phenomenon which occurs when markets do not produce the most efficient outcome on their own is known as
A) market failure. B) imperfect information. C) economic certainty. D) public goods.
Which of the following entities is able to sue a firm for alleged antitrust misbehavior in the U.S.?
a. Department of Illegal Affairs b. Department of State c. Department of Homeland Security d. Department of Justice e. Department of Labor
The primary macroeconomic cost of unemployment is
a. higher prices b. lost leisure time c. lost output d. domestic violence e. mental illness (e.g., depression)