In an unregulated market for healthcare, the equilibrium quantity is that at which ________ and the efficient quantity is that at which ________
A) D = S; MB = MSC
B) D = S; MSB = MSC
C) D = MSC; MB = MSC
D) MSB = S; MB = S
B
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Two explanations for increasing wage inequality are ________ and ________.
A. increased labor supply; a slowdown in productivity growth B. technological progress; a modernized capital stock C. increased worker mobility; transition aid D. globalization; skill-biased technological change
The demand curve for labor shows how many hours workers demand to work
Indicate whether the statement is true or false
If consumption spending is greater than national income,
a. saving is positive b. dissaving occurs c. saving is exactly zero d. a depression results e. investment is greater than saving
Which of the following will increase macroeconomic equilibrium real gross domestic product?
A. a decrease in government spending B. an increase in input prices C. an increase in productivity D. an increase in taxes