Chronic nursing home care is covered by
A. Medicare, Part B.
B. the two parts split the cost.
C. Medicare, Part A.
D. no form of Medicare.
Answer: D
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Refer to Table 2-4. Dina faces ________ opportunity costs in the production of sliders and hot wings
A) constant B) decreasing C) increasing D) negative
In the long-run equilibrium
A) output is a function of autonomous expenditures. B) inflation is a function of past inflation. C) inflation equals potential output. D) output equals potential output.
In the simple circular flow model containing just households and business firms, all income is received by households in exchange for
A) consumer expenditures. B) wages. C) labor services. D) product.
In the aggregate demand and supply model, the:
a. vertical axis measures the average price level. b. horizontal axis measures real GDP. c. aggregate supply curve is vertical at full-employment real GDP. d. All of these.