The reasons why health care costs in countries with public health insurance, like the United Kingdom and Canada, have not risen as much as the costs in the U.S. include the following, except:
A. Setting a cap on costs to ration health care
B. Waiting or queuing to ration health care
C. Fixed government budgets for health care, leading to rationing
D. Expanded coverage as a way to ration health care
D. Expanded coverage as a way to ration health care
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
What is a deadweight loss or tax burden associated with a tax?
What will be an ideal response?
Assume a country is in a fixed exchange rate regime. Now suppose that individuals expect that policy makers will revalue its currency. Explain the various actions that policy makers can choose in response to this expected revaluation
What will be an ideal response?
Keynes assumed that wages and prices were slow to adjust in order to explain
A. why inflation fell in recessions. B. persistently high unemployment. C. the high level of interest rates. D. high inflation.