The Congressional Budget Office estimates that the Patient Protection and Affordable Care Act (ACA) will
A) increase federal government spending by about $2 trillion over 10 years.
B) cost the government significantly more than the additional taxes and fees enacted under the law will bring in.
C) actually reduce government spending over a 20 year period.
D) eliminate the budget deficit within 10 years.
A
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The speculative demand for money may not exist because
A) banks now pay interest on some types of checkable deposits. B) there are alternative riskless assets paying higher returns than the return on money. C) the transactions demand can be shown to depend on interest rates. D) government regulations have eliminated risk in the financial markets.
The introduction of a new technology that raises the marginal product of new capital will:
A. decrease real interest rates and increase the equilibrium quantity of saving supplied and demanded. B. increase real interest rates and decrease the equilibrium quantity of saving supplied and demanded. C. decrease real interest rates and the equilibrium quantity of saving supplied and demanded. D. increase real interest rates and the equilibrium quantity of saving supplied and demanded.
As the dollar exchange rate, e, increases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. decreases; increases B. increases; increases C. decreases; decreases D. increases; decreases
At the current level of output, a firm's marginal cost equals 16 and marginal revenue equals 10. The firm
A) is producing the profit-maximizing amount. B) should produce more. C) should produce less. D) Not enough information.