Disadvantages to the employer-based health insurance model which is common in the United States include
A) when someone loses her job, she loses her insurance.
B) a reduction in job mobility.
C) the method used by insurance companies to set premiums.
D) all of the above
D
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A large open economy's real interest rate will decrease if
A) the expected future marginal product of domestic capital rises. B) the expected future marginal product of foreign capital rises. C) there is a temporary positive domestic supply shock. D) there is a temporary negative domestic supply shock.
The Federal Reserve Bank of New York
A) executes open market operations. B) sets reserve requirements. C) establishes the prime rate. D) establishes the three-month Treasury bill rate.
Which of the following is a plausible explanation for a downward shift in the consumption function?
A) A decline in home values B) A decline in wages C) A decrease in the personal income tax rate D) A rise in wages
The price elasticity of supply tells us:
A. the percentage change in quantity supplied when the price of the good changes by one percent. B. in which direction the quantity supplied changes as we move along the supply curve. C. how quickly the supply will respond to a change in price. D. the magnitude of shift in the supply curve in response to a change in price.