Congress initially intended for the Medicaid program to provide basic safety net coverage for certain vulnerable populations, including all the following but one.
a. Disabled individuals less than 65
b. Working age adults without dependents
c. Single, pregnant women with or without dependents
d. Single men with dependents
e. Children in low-income households
b. Working age adults without dependents
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Which of the following statements is true of money?
A) Paper money was invented around 1,000 A.D. in China. B) Paper money was the first form of money to be invented. C) One of the limitations of paper money is that it does not function as a store of value. D) Fiat money was used in the barter system of exchange.
When the quantity demanded of labor exceeds the quantity of labor supplied, the market wage rate is
a. below equilibrium b. above equilibrium c. at its equilibrium level d. equal to the workers' MRP e. equal to the workers' opportunity cost
The GDP equation is:
A. Y = C + I + G + NX. B. Y = C - I - G - NX. C. C + I = G + NX. D. C + I = Y + G + NX.
Because the Fed can react to changes in the economy much more quickly than can Congress, time lags exist for fiscal policy but not for monetary policy.
Answer the following statement true (T) or false (F)