The provision of the Patient Protection and Affordable Care Act (ACA) which states that every firm with more than 200 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan is the ________
provision.
A) employer mandate
B) state health insurance marketplaces
C) individual mandate
D) regulation of health insurance
Answer: A
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The downward slope of a demand curve
A) represents the law of demand. B) shows that as the price of a good rises, consumers increase the quantity they demand. C) indicates how the quantity demanded changes when incomes rise and the good is a normal good. D) indicates how demand changes when incomes rise and the good is a normal good. E) indicates how demand changes when the price changes and the good is a normal good.
In a competitive market, the quantity of a product produced and the price of the product are determined by
a. buyers. b. sellers. c. both buyers and sellers. d. None of the above is correct.
If there is a dollar-for-dollar direct expenditure offset, then
A. increases in aggregate demand will also increase long-run aggregate supply. B. increases in aggregate demand will increase the price level, but leave real output unchanged. C. increases in aggregate demand will increase real output, but leave the price level unchanged. D. increases in government spending will not increase aggregate demand.
In regards to its shape, a perfectly competitive firm's demand curve is _____.
Fill in the blank(s) with the appropriate word(s).