The underemployed are not included among the unemployed because they are working.
Answer the following statement true (T) or false (F)
True
This masks the true unemployment rate.
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According to your textbook, pollution is a major social and political concern because
A) it is inefficient. B) it is always immoral. C) people disagree about rights, which are extremely difficult to resolve. D) the environment is on the verge of ecological catastrophe.
The use of government to supplant market outcomes is called
A) market failure. B) rent seeking. C) free riding. D) efficiency.
Which of the following would encourage consumers to economize on their use of healthcare and producers to provide it more efficiently?
a. a reduction in out-of-pocket healthcare expenditures b. government subsidies that encourage people to purchase health insurance policies with first-dollar coverage and small co-payments c. Medicare reform that at least partially substituted defined benefits (funds that could be used to pay for healthcare or the purchase of insurance) for the present cost reimbursement system d. all of the above
For a fixed target real interest rate and target inflation rate, when inflation decreases, the Fed ________ interest rates, hence ________ short-run equilibrium output.
A. increases; increasing B. decreases; decreasing C. decreases; increasing D. increases; decreasing