A major factor contributing to the growth in employee-based health insurance in the United States has been:
a. the legislation requiring all firms to provide health insurance to all full-time workers.
b. the long-standing tradition in the United States of providing a generous package of benefits to all workers.
c. the tax-free treatment of health insurance as an employee benefit.
d. greater-than-average economic growth leading to increased demand for labor.
c. the tax-free treatment of health insurance as an employee benefit.
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The aggregate expenditure model focuses on the short-run relationship between ________ and ________
A) unemployment; inflation B) planned inventories; unplanned inventories C) real spending; real GDP D) nominal spending; nominal GDP
According to the Census Bureau,
a. a greater percentage of families are below the poverty level now than in 1960 b. a smaller percentage of families are below the poverty level now than in 1960 c. the same percentage of families are below the poverty level now as in 1960 d. the percentage of families below the poverty level has fallen dramatically since 1970 e. 30 percent of families are below the poverty level
Which of the following changes would clearly decrease the supply of money in the banking system?
a. an increase in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves b. an increase in the percentage of money people want to hold as currency and an increase in the fraction of deposits banks want to hold as excess reserves c. a decrease in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves d. a decrease in the percentage of money people want to hold as currency and an increase in the fraction of deposits banks want to hold as excess reserves
Price floors set a legal minimum price on a product or commodity
a. True b. False Indicate whether the statement is true or false