Money is an imperfect store of value when
a. the rate of inflation is high.
b. the unemployment rate is high.
c. gold prices are falling.
d. businesses are failing due to bankruptcy.
a
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In a pure coordination game, as long as the players coordinate on an outcome, it does not matter what that outcome is
Indicate whether the statement is true or false
The principal benefit of unemployment insurance is that it
A. reduces the occurrence of unemployment in the economy. B. replaces income lost due to unemployment. C. increases labor force participation. D. helps reduce the period of unemployment.
A monopolist charges a price that is ________ and produces ________ than a perfect competitor
A) lower; less B) higher; less C) higher; more D) lower; more
What is one result of the Medicare subsidy?
A) The health care industry is more efficient than it otherwise would be. B) Patients may elect to have some treatments that are of low value to them but that are costly to provide. C) The elderly population in the United States receives a lower quality of medical care than what is provided for the elderly population in other countries. D) The number of physicians in the United States has declined.