Refer to the information provided in Figure 3.18 below to answer the question(s) that follow.
Figure 3.18Refer to Figure 3.18 The market is initially in equilibrium at Point A. If demand shifts from D1 to D2, the equilibrium price will change from ________ and the equilibrium quantity will change from ________.
A. $3.00 to $4.00; 250 to 350
B. $4.00 to $3.00; 250 to 350
C. $3.00 to $4.00; 350 to 250
D. $4.00 to $3.00; 350 to 250
Answer: A
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A) increase; increase; increase B) increase; decrease; remain the same C) increase; remain the same; decrease D) increase; remain the same; increase
Altogether, total health care spending per person in the United States is
A) about $3,600. B) over $8,000. C) roughly $26,000. D) about $50,000.
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The U.S. Treasury both pays and receives almost all of the interest on that portion of the national debt that is held by
a. domestic investors. b. foreign investors. c. government agencies and the Federal Reserve system. d. commercial banks.