Medicare is the
a. government's health plan for the elderly.
b. government's health plan for the poor.
c. another name for Social Security.
d. Both a and c are correct.
a
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A monopolistic firm operates in two separate markets. No trade is possible between market A and market B. The firm has calculated the demand functions for each market as follows:
Market A p = 15 - Q; Market B p = 11 - Q The company estimates its total cost function to be TC = 4Q. Calculate: a. quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets b. quantity, total revenue and profit when the company charges different prices in each market and maximizes its total profit
Suppose that the economy is currently at full employment. All other things being equal, if the government implements expansionary fiscal policy, then the appropriate monetary policy is
A. no change from the current policy. B. reduce the growth of the money supply. C. constant growth of the money supply. D. increase the growth of the money supply.
Changes in autonomous consumption could be the result of:
A. changes in inflation. B. changes in housing prices. C. changes in the mpc. D. changes in disposable income.
The “Taylor rule” for monetary policy provides the Fed with a
A. mechanical prescription for monetary policy. B. benchmark to guide policy decisions. C. time frame for discount rate changes. D. rule for changing the M1 money supply.