A benefit of deductibles and health savings accounts is that they
A) reduce the moral hazard problem associated with third-party payers.
B) increase the quality of health care.
C) reduce the use of expensive techniques for hopeless cases.
D) reduce the incomes of physicians.
A
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When an increase in aggregate demand exceeds the increase in aggregate supply
A) real GDP decreases while nominal GDP increases. B) the price level falls while real GDP increases. C) nominal GDP decreases and real GDP decreases. D) the economy will experience inflation as the price level rises.
Every country imposes tariffs on at least some imports
a. True b. False Indicate whether the statement is true or false
Like competitive firms, monopolies choose to produce a quantity in which marginal revenue equals marginal cost
a. True b. False Indicate whether the statement is true or false
Between 1973 and 1995, productivity in the United States had
A. been rising at a faster rate than it was before 1973. B. been rising at a slower rate than it was before 1973. C. been rising at about the same rate as it was before 1973. D. not risen.