Which of the following is true?
a. The growth of third-party payments during the last several decades has helped control inflation in the health-care sector.
b. Public policy encourages Americans to purchase low deductible/low co-payment health insurance coverage through their employers.
c. Low deductible health insurance coverage encourages health-care consumers to search for the best prices.
d. The 2.9 percent Medicare payroll tax is sufficient to cover the cost of the promised future health-care services to senior citizens.
B
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The optimal currency area involves a trade-off of reducing transaction costs but the inability to use changes in exchange rates to help ailing regions. If the US, Canada, and Mexico had one single currency (the Peso-Dollar) we would tend to see all of the following EXCEPT:
a. Even more intraregional trade of goods across the three countries. b. Lower transaction costs of trading within North America. c. A greater difficulty in helping Mexico as you can no longer deflate the Mexican peso. d. Less migration of workers across the three countries. e. An elimination of correlated macroeconomic shocks across the countries.
Which of the following is NOT one of the components of aggregate demand?
What will be an ideal response?
If the economy is producing at capacity and consumers are willing and able to buy more even more goods, this may cause
A. Cost-push inflation. B. The price effect. C. Demand-pull inflation. D. Supply-side inflation.
During a period of inflation, are all prices rising? Explain your answer.
What will be an ideal response?