During the last four decades,
a. the total expenditures of Americans on health care have been relatively constant.
b. the share of health-care expenditures covered by a third party (either the government or an insurance company) has increased substantially.
c. the prices of health-care services have risen but not as rapidly as the general level of prices.
d. health-care providers have lowered prices in response to the rapid increase in medical technology.
B
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Most of the unemployment experienced during the Great Depression was
a. cyclical. b. structural. c. seasonal. d. functional.
Why will the long-run market supply curve for most products slope upward to the right?
a. The firms producing the product will be unable to expand the size of their plant and equipment in the long run. b. Economies of scale are present in most industries. c. Most products are produced under conditions of constant cost. d. Resource prices will rise and push costs upward as the output of the industry expands.
The civilian labor force includes
A) The number of people in the Armed Services. B) The number of employed persons. C) The number of employed and unemployed persons in the economy. D) None of the above.
The multiple by which total deposits can increase for every dollar increase in ________ is the money multiplier.
A. loans B. liabilities C. reserves D. M1