Congressional studies report that Medicare payments fall 11 percent below the cost of treating patients while private insurance patients pay 29 percent more than cost. This phenomenon is called
a. price discrimination.
b. theMedigap.
c. cost-shifting.
d. cost-plus pricing.
e. revenue enhancing.
C
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The ________ curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly
A) short-run aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) long-run aggregate demand
What is capital income?
What will be an ideal response?
According to the rational expectations theory the rate of inflation largely depends on
A. business expectations of interest rate levels. B. business expectations about international trade. C. what people expect to happen to prices. D. the unemployment rate.
A market in which a price-controlled good is sold at an illegally high price is known as
A. a supermarket. B. a flooring market. C. a black market. D. a ceiling market.