Economists believe that trade and exchange are good because they increase ______.
a. standards of living
b. government power
c. marginal costs
d. negative incentives
a. standards of living
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The cyclical deficit is that portion of the deficit
a. that results from the economy being below the natural rate of output. b. that would exist even if the economy were at its natural rate of output. c. is a function of the level of automatic stabilizers. d. both a and c. d. None of the above
Medicaid payment rates to physicians are significantly below those paid by private insurers. Using the results of a Merritt Hawkins (2014) survey, how do these lower payment rates affect physician access for enrollees?
a. Metropolitan areas with fewer than average number of physicians per capita are more likely to accept new Medicaid patients. b. Despite low payment rates, access to physicians is relatively good across the country. c. Overall, almost 75 percent of physicians accept new Medicaid patients into their practices. d. The average number of days it takes to get an appointment to see a physician is lower where there are more physicians per capita. e. The greater the supply of physicians, the more likely they are to accept new Medicaid patients
Refer to the graph below. Assume that D1 and S1 are the initial demand for and supply of dollars. Now suppose that Great Britain increases its imports of American products. Assuming freely floating exchange rates:
The graph below shows the supply and demand curves for dollars in the pound/dollar market.
A. The pound price of dollars will fall to 1/5 pound equals $1
B. The pound price of dollars will rise to 1/4 pound equals $1
C. The dollar price of pounds will increase to $5 equals 1 pound
D. A dollar shortage of MN will result in Britain
When the Fed ________ the federal funds rate, other short-term interest rates ________ and the exchange rate ________
A) lowers; rise; rises B) raises; fall; rises C) raises; rise; rises D) raises; rise; falls E) lowers; rise; falls