Which of these is one of the major reasons for rapid increases in health care spending in the United States?
A. A decrease in the number of malpractices among doctors.
B. Advances in medical technology and new prescription drugs are higher cost.
C. There are high rates of labor productivity growth in health care.
Answer is B. Advances in medical technology and new prescription drugs are higher cost.
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A bank has checking deposits of $400, saving deposits of $900, time deposits of $900, loans of $950, government securities of $900, outstanding credit card balances of $400, currency in its vault of $40, and deposits in its reserve account at the Fed
of $40. a. What is the amount of this bank's deposits that are in M1? b. What is the amount of this bank's deposits that are in M2? c. What is the amount of this bank's reserves?
The long-run aggregate supply curve (LRAS) corresponds to full-employment real GDP with zero frictional and structural unemployment
a. True b. False Indicate whether the statement is true or false
When it comes to enacting policy changes, loss aversion often leads to status quo bias because:
A. the resistance from those who stand to lose from the policy often overwhelms the support from those who stand to gain. B. people's estimates of their gains from the policy are often too large. C. people's estimate of their losses from the policy are often too small. D. the support from those who stand to gain from the policy often overwhelms the resistance from those who stand to lose.
An increase in the amount of human capital labor... the short-run aggregate supply curve and ... the long-run aggregate supply curve
What will be an ideal response?