Many health economists believe that health-care reform will:
a. decrease demand for new, better, and more expensive medical advances.
b. lower premiums for young adults
c. eliminate private health insurance entirely.
d. have a very limited effect on reducing government health-care expenditures.
d
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What is a "structural" relationship?
A) a relationship that depends on the basic behavior of consumers and firms and remains unchanged over long periods B) any relationship that cannot be anticipated C) a relationship that depends on the size of firm investments in capital such as buildings and other structures D) a relationship between any two variables that is temporary
The United States SRAS curve may shift to the left if we ____________________ Malaysia and the dollar ________________ against the Malaysian ringgit
A) buy raw materials from; appreciates B) buy raw materials from; depreciates C) sell finished goods to; appreciates D) sell finished goods to; depreciates
Figure 3-18
Refer to . Which area represents consumer surplus at a price of P1?
a.
ABD
b.
ACF
c.
BCDE
d.
DEF
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.