Which one of the following statements is true about the Affordable Care Act?
a. The final version of the ACA passed without a single Republican voting for its passage.
b. The final version of the bill that passed was closer to the House version than the Senate version.
c. As proponents promised, only high-income taxpayers are paying the new taxes included in the legislation.
d. The typical family is now paying less for their health insurance thanks to the strict health insurance regulations included in the act.
a. The final version of the ACA passed without a single Republican voting for its passage.
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The theorists of the rational expectations school:
a. favor monetary rules because they believe individuals know too little about how the economy works b. favor monetary rules so that workers and firms do not get any unanticipated surprises from the Fed. c. are those who favor an "active approach" to policy and reject monetary rules. d. oppose any monetary rules because they believe rules impede the natural self-correcting mechanism of the economy. e. do not believe in implementing discretionary policies.
An increase in equilibrium price and a decrease in equilibrium quantity could be caused by a(n)
a. increase in resource prices b. increase in demand c. increase in supply d. favorable shift in tastes and preferences e. improvement in production technology
When firms have had to defend themselves against the charge that they have adopted unjustifiably low prices either to drive a competitor out of business or to prevent the entry of a rival, they have been accused of
a. creating a trust. b. conspiracy. c. predatory pricing. d. price discrimination.
Entry leads to reduced firm profits because it leads to a lower price.
Answer the following statement true (T) or false (F)