Compared to the unemployed during the Great Depression, persons unemployed in today's economy are
a. worse off due to higher price levels.
b. worse off due to higher rates of unemployment in the 1990s.
c. better off due to unemployment insurance.
d. better off due to lower price levels.
c
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Doctors have ________ incentive to control their costs when consumers ________ for a visit to the doctor's office
A) more; have a third-party payer that pays B) less; pay entirely out of pocket C) less; only pay a deductible D) more; only pay a deductible
In the model yt= 
0+ 1xt1+
style="vertical-align:middle;" />2xt2+ ….. + kxtk + ut, the explanatory variables, xt = (xt1, xt2…., xtk), are sequentially exogenous if:
A. E(ut|xt , xt-1, ……) = E(ut) = 0, t = 1,2, ….
B. E(ut|xt , xt-1, ……) 
E(ut) = 0, t = 1,2, ….
C. E(ut|xt , xt-1, ……) = E(ut) > 0, t = 1,2, ….
D. E(ut|xt , xt-1, ……) = E(ut) = 1, t = 1,2, ….
Refer to the graph shown. If the firm wishes to double output from 500 to 1,000:
A. average total costs will rise. B. average total costs will remain the same. C. average total costs will fall. D. it is impossible to determine what will happen to average total costs.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected. B. only the long-run aggregate supply curve would shift left. C. only the short-run aggregate supply curve would shift left. D. the long-run and short-run aggregate supply curves would both shift left.