Rising healthcare costs are attributable to
A) people living longer and desiring more care.
B) reliance on expensive technology to support and prolong life.
C) third-party financing of healthcare costs.
D) all of the above.
Answer: D
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Under the current managed float exchange rate regime, countries with balance of payments deficits frequently do not want to see their currencies depreciate because it makes ________ goods more expensive for ________ consumers and can stimulate
inflation. A) foreign; foreign B) foreign; domestic C) domestic; foreign D) domestic; domestic
Venture capital funds invest in the equity of
A) start-up companies. B) IPOs. C) hedge funds. D) convertible debt.
New Keynesian economists believe that
a. movements in unemployment can be explained by voluntary movements in and out of the labor market.. b. everyone who is not working is involuntary unemployed. c. labor markets clear in the long-run. d. the new classical model has merit, but recessions cannot be adequately explained in a model of with perfectly flexible prices and wages.