Which of the following is not included in the M1 category?
a. Currency
b. Checkable deposits
c. Traveler's checks
d. Savings deposits
d
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Assuming a horizontal long-run market supply curve, which of the following statements is (are) TRUE about competitive firms in the long run?
A) p = MC B) p = AC C) profit = 0 D) All of the above.
Suppose robotic technology improves the results of abdominal surgery—less time to perform the surgery, faster recovery times, and fewer mistakes. What is the impact on the market for abdominal surgery using this new technology?
a. Demand for robot-assisted surgery will increase. b. Hospitals will be slow to adopt the new technology fearing that it may result in lower prices. c. The demand for surgical assistants will increase. d. All of the above.
The health maintenance organization where the physicians are salaried employees of the HMO is called
a. a group-model HMO. b. a staff-model HMO. c. a network-model HMO. d. an IPA. e. a direct-contract HMO.
When the government borrows from the public, the result is
A. a decrease in unemployment. B. an increase in real GDP. C. downward pressure on interest rates. D. an increase in the demand for loanable funds.