As third-party payments and government expenditures on healthcare increased following the passage of Medicare and Medicaid,
a. total expenditures on healthcare declined.
b. the incentive of consumers to economize on their use of healthcare services increased.
c. the incentive of suppliers to provide healthcare services at a low cost increased.
d. both the prices of healthcare services and total expenditures on those services increased rapidly.
D
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What are the effects of an expansionary fiscal policy on interest rates and output in an open economy with floating exchange rates?
What will be an ideal response?
The main advantage of using multiple regression analysis over differences in means testing is that the regression technique
A) allows you to calculate p-values for the significance of your results. B) provides you with a measure of your goodness of fit. C) gives you quantitative estimates of a unit change in X. D) assumes that the error terms are generated from a normal distribution.
A firm could lower prices and still increase revenue if
A) demand is elastic. B) elasticity of demand is equal to unity. C) demand is inelastic. D) elasticity of demand is equal to zero.
In the late 1970s and early 1980s, the velocity of money increased significantly. The main reason(s) for the increase was:
A. the introduction of stock and bond mutual funds with draft writing privileges and low nominal interest rates. B. high nominal interest rates. C. the introduction of stock and bond mutual funds with draft writing privileges along with high nominal interest rates. D. as presidential election years near the velocity of money increases.