Between 1995 and 2015, the consumer price index for medical care grew more slowly than the rest of the prices in the economy.
Answer the following statement true (T) or false (F)
False
Between 1995 and 2015, the CPI for medical care rose at an average of 3.6 percent, while the price of everything else went up by 2.2 percent.
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Which of the following is a possible impetus for a banking panic?
a. An individual bank fails. b. A large, very important bank fails. c. Congress increases the amount of demand deposits that are protected by insurance. d. Banking rules change to make it harder for banks to make bad loans. e. Changes in the discount rate.
The United States has greater income disparity than
a. Japan. b. India. c. South Africa. d. Both a and b are correct.
Duke is a highly skilled negotiator who could work for many law firms. The law firm that hires Duke is able to collect twice as much revenue per hour of Duke's time than it can for any other negotiator in town. The increased revenue will:
A. be evenly split between Duke and the law firm to maximize surplus. B. all go to Duke because, if it didn't, another firm could hire Duke away. C. all go to the law firm because the firm bears the risk of running the business. D. be split between Duke and the law firm, but how it will be split cannot be determined without more information.
Which of the following tariffs resulted in worldwide retaliation against the United States during the Great Depression?
A. the Pasta Tariff B. the Chicken tariff C. the Smoot-Hawley tariff D. the Tariff of Abominations