Neither part of Medicare covers
A. long-term stays in retirement homes and prescription drugs.
B. prescription drugs.
C. doctors' visits.
D. long-term stays in retirement homes.
Answer: D
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Ignoring the government and foreign sectors, if planned investment spending is $500 billion, planned saving is $800 billion, and real Gross Domestic Product (GDP) is $13 trillion, then unplanned inventories will
A) decrease $300 billion. B) increase $300 billion. C) increase $800 billion. D) not change.
The kinked demand curve is an explanation of sticky prices.
Answer the following statement true (T) or false (F)
An article in the textbook suggests that one method to correct the higher education inefficiency is to
a. provide free higher education to all Americans. b. have college students sell equity in themselves. c. reduce interest rates on student loans. d. increase the number of colleges and universities in the United States.
As output increases, average fixed costs
A) decrease. B) initially decrease and then increase. C) remain constant. D) increase.