The RAND Health Insurance experiment compared costs of HMOs with the costs of indemnity insurers. The study
a. confirmed the cost-saving potential of HMOs.
b. Found no cost-saving by HMOs.
c. the HMO had per capita costs that were 28% lower than the indemnity
d. both a and c
D
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To offset increased pessimism by households, the government may _____ government spending and/or _____ taxes
Fill in the blank(s) with correct word
An increase in the interest rate could have been caused by
a. a fall in the price level causing the money-demand curve to shift leftward. b. a fall in the price level causing the money-demand curve to shift rightward. c. a rise in the price level causing the money-demand curve to shift leftward. d. a rise in the price level causing the money-demand curve to shift rightward.
Employee benefits mandated by the government make it
A. More difficult to achieve full employment with stable prices. B. Easier to achieve stable prices but more difficult to achieve full employment. C. Easier to achieve full employment with stable prices. D. Easier to achieve economic growth.
A profit-maximizing firm in the short run will expand output:
A. Until marginal cost begins to rise B. Until total revenue equals total cost C. Until marginal cost equals average variable cost D. As long as marginal revenue is greater than marginal cost