The Japanese system of universal health insurance requires no co-payments from residents for health services
Indicate whether the statement is true or false
FALSE
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The large increase in household wealth in the United States in the 1990s was the result of:
A. large capital gains. B. a low saving rate. C. a high saving rate. D. high rates of inflation.
Suppose that you are earning the maximum amount of money within the 28% tax bracket. If you receive a $1000 raise next year this will place you in the 33% tax bracket. Calculate your tax burden and the amount of increase in your "take-home" pay
What will be an ideal response?
Suppose the economy is in a long-run equilibrium when a temporary, favorable aggregate supply shock occurs. On the graphs above, show what happens to bring the economy back to long-run equilibrium, assuming that there is no policy response
In words, explain why "no response" is the best policy.
If a perfectly competitive industry were taken over by a monopoly, the monopoly would usually produce more output and charge a higher price
a. True b. False