Empirical research indicates that the expansion of Medicaid has led to a number of unintended consequences including
a. an increase in the incidence of low-birth weight babies among participants.
b. fewer pregnant women seeking prenatal care.
c. an increase in the birthrate among the eligible population.
d. all of the above.
C
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The long-run aggregate supply curve will shift to the right if
A) net exports decrease. B) the economy experiences technological change. C) there is a decrease in population. D) the economy experiences high levels of inflation.
Incomes for adults vary widely across race and gender in the United States. These differences could be due to:
A. discrimination. B. education. C. choice of occupation. D. All of these can explain the differences.
An increase in the price of a good will a. increase demand
b. decrease demand. c. increase quantity demanded. d. decrease quantity demanded.
Why is a recession's end sometimes not announced for long periods after the recession ends?
a. Because economic data is seldom accurate. b. Because seasonal fluctuations and random disturbances make the economy difficult to track the differences between a temporary drop and a beginning of a downturn. c. Because people don't change their behavior even when the economy is in a downturn. d. No one knows why economists have a difficult time identifying the beginning and end of an economic downturn.