Other things equal, increased emphasis on providing the best possible medical care for all, regardless of income, will:
A. increase the demand for health care.
B. increase the supply of health care.
C. have no effect.
D. decrease the demand for health care.
Answer: A
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If there are no changes in inflation expectations, a fall in the federal funds rate:
A) increases both the long-run nominal interest rate and the long-run expected interest rate. B) decreases the long-run nominal interest rate and increases the long-run expected interest rate. C) decreases both the long-run nominal interest rate and the long-run expected interest rate. D) increases the long-run nominal interest rate and decreases the long-run expected interest rate.
When Little Furniture Company produces 100 chairs - its average variable cost is $25 . The marginal cost of the 101st chair is $22 . If the firm chooses to produce the 101st chair, what will happen to average variable cost? Explain
What will be an ideal response?
The single source of concern about the national debt is
a. gimmicks like the National Debt Clock. b. the interest payments that must be made on the debt every year. c. the transfer payments that must be made every year. d. the large trade deficits that we face with other countries. e. none of the above.
Over a year, a nation's GDP at current prices rose by 15 percent while the price index increased from 100 to 110. GDP at constant prices rose by about:
A. 3 percent B. 5 percent C. 7 percent D. 9 percent