Perfectly elastic demand curves are
a. downward sloping
b. upward sloping
c. vertical
d. horizontal
e. steep
D
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The real-balance effect shows that
A) aggregate demand is upward sloping. B) a higher price level leads to higher interest rates. C) a lower price level will increase the purchasing power of currency and increase personal consumption. D) consumption and the price level are positively correlated.
Which of the following was NOT a key feature of the Affordable Care Act, signed by President Obama in 2010?
A. A requirement that almost everyone have health insurance or pay a fine B. Tax credits and subsidies to help low-income families buy health insurance C. A rule preventing insurers from denying coverage because of preexisting conditions D. Panels of government doctors to review and approve major health care purchases
The result of government intervention in the market is that
A. The production possibilities curve always shifts outward. B. Society is always worse off. C. Society is always better off. D. Society could be made better or worse off.
In a supply and demand model for the market for money, we typically use the ________ to look at savers' behavior.
A. production possibilities frontier B. demand curve C. supply curve D. surplus curve