Expansionary policies are government stabilization policies intended to increase:
A. unemployment.
B. population.
C. planned spending.
D. average labor productivity.
Answer: C
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Health insurance companies impose deductibles on policies and copayments on claims to
A) increase prices. B) increase sales. C) reduce the moral hazard problem. D) increase asymmetric information.
Over the period from 1971 to 2012, the U.S. Gini ratio for household income ________, which means income inequality in the United States ________
A) increased; increased B) increased; decreased C) decreased; increased D) decreased; decreased
Suppose a decrease in the supply of bottled water results in a decrease in revenue. This indicates that
A) the supply of bottled water is elastic in the price range considered. B) the supply of bottled water is inelastic in the price range considered. C) the demand for bottled water is inelastic in the price range considered. D) the demand for bottled water is elastic in the price range considered.
The downward sloping aggregate demand curve can be explained in part through the:
A. positive relationship between the price level and net exports. B. positive relationship between the price level and consumption. C. negative relationship between the price level and investment spending. D. All of these are true.