A restriction on the number of people allowed to be medical doctors in the United States would most likely
A) increase doctors' fees.
B) decrease the demand for doctors.
C) decrease the demand for nurses.
D) decrease the number of people who get sick.
A
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Can the Federal Reserve achieve both low inflation and low levels of unemployment? Explain
What will be an ideal response?
Money fails to act as a store of value when:
a. it is no longer backed by gold. b. the inflation rate is very high. c. the goods produced in an economy are indivisible. d. the economy goes into a recession. e. coins are replaced by paper money.
In economics, a firm earns a normal profit when its total revenue equals its total economic costs.
Answer the following statement true (T) or false (F)
Firms that shut down must be earning negative profits in the short run.
Answer the following statement true (T) or false (F)