The provision of the Patient Protection and Affordable Care Act (ACA) which states that insurance companies are required to participate in a high-risk pool that will insure individuals with pre-existing medical conditions who have been unable to buy
health insurance for at least six months is the ________ provision.
A) state health insurance marketplaces B) employer mandate
C) individual mandate D) regulation of health insurance
D
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According to the new classical approach to the aggregate supply curve, the aggregate supply curve slopes upward because
A) increases in the price level result in lower real balances. B) higher current output results in higher desired investment. C) higher prices result in higher levels of spending as consumers attempt to stay ahead of inflation. D) businesses have difficulty in distinguishing relative price increases from general price increases.
An investment that has the same features, such as risk and ease of selling, as the investment being considered by buyers and sellers is referred to as a(n):
a. equivalent investment. b. comparable investment. c. twin investment. d. dual investment. e. duplication investment.
When restrictions alter the pattern of international trade, the _____ benefit and the _____ suffer(s)
a. domestic consumers; domestic producers b. domestic consumers; government c. domestic producers; domestic consumers d. foreign producers; domestic producers e. foreign producers; domestic consumers
In the short run, a decrease in government purchases would
a. decrease real GDP because of the multiplier effect and price level changes, but be offset somewhat by decreases in the interest rate b. decrease real GDP because of the increases in the price level and increases in the interest rate c. decrease real GDP because of the multiplier effect and increase in the interest rate, but be offset somewhat by decreases in the price level d. decrease real GDP because of the multiplier effect, but be offset somewhat by decreases in the price level and the interest rate e. not change output because of the multiplier effect; price level and interest rate changes completely cancel each other out