Copayments and deductibles in insurance policies increase moral hazard.
Answer the following statement true (T) or false (F)
False
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Depreciation of the Japanese yen would lead to
A. outward shift in the aggregate supply curve for Japan. B. upward shift in the aggregate demand curve for Japan. C. downward shift in the aggregate supply curve for Japan. D. inward shift in the aggregate demand curve for Japan.
Figure 10-3
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In Figure 10-3, both graphs (a) and (b) indicate that the economy is experiencing a(n)
A. recessionary gap of RE. B. recessionary gap of RG. C. inflationary gap of RG. D. inflationary gap of RE.
If individuals have money illusion, they react to changes in certain prices without regard to simultaneous changes in other prices
Indicate whether the statement is true or false
A monopsony is characterized as a market which has:
A. many buyers and one seller. B. one buyer and many sellers. C. many buyers and many sellers. D. one buyer and one seller.