The tendency for people who have good health insurance to take more risks with their health is called adverse selection.
Answer the following statement true (T) or false (F)
False
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Suppose the economy of Catalania is experiencing a recession and policy makers decide to implement an expansionary monetary policy. After the implementation of the policy, there is a considerable time gap before the effect of the policy on the major economic variables is noticed. This is an example of: a. the neutrality of money. b. an inflationary gap
c. an administrative lag. d. an operational lag.
The consumer price index increases from 200 to 208 . What is the inflation rate?
Money does all of the following except
A. Reduce the efficiency with which market exchanges take place. B. Facilitate the continuous series of exchanges that characterizes a market economy. C. Promote efficient division of labor. D. Serve as a mechanism for transforming current income into future purchases.
If marginal cost is less than marginal revenue, a firm should
a. expand output. b. contract output. c. maintain steady output. d. shut down.