As distinct from Medicare, Medicaid is a
a. federally funded, state-administered program that pays medical and hospital costs for welfare recipients and other low-income people
b. federally funded and federally operated program that pays medical and hospital costs for welfare recipients and other low-income people
c. state-funded and state-operated program that pays medical and hospital costs for welfare recipients and other low-income people
d. federally funded and federally operated program that pays medical and hospital cost for elderly (over 65) welfare recipients
e. state-funded program which pays the medical and hospital costs for elderly (over 65) welfare recipients
A
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A change in the federal funds rate ________ the supply of loanable funds, ________ the long-term real interest rate, and ________ investment
A) affects; affects; affects B) does not affect; does not affect; does not affect C) affects; does not affect; affects D) affects; affects; does not affect E) does not affect; affects; does not affect
Only ________ can issue monoline insurance policies
A) life insurance companies B) insurance companies that issue multiple types of insurance C) property insurance companies D) insurance companies that specialize in credit insurance alone
Many external costs occur because
a. people do not pay the true cost of using a resource. b. people do not pay the private cost of using a resource. c. companies do not pay the market price for natural resources. d. companies pay more than the true cost of using a resource.
Contractionary monetary policy causes
A) aggregate demand to rise and the price level to rise. B) aggregate demand to fall and the price level to fall. C) aggregate demand to rise and the price level to fall. D) aggregate demand to fall and the price level to rise.