An example of third-party financing of health care is
A) patients paying for their visit to the doctor.
B) patients not going to the doctor in order to save money.
C) a patient going to another doctor for a second or a third opinion.
D) Medicare.
Answer: D
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The figure above illustrates the current market for apartments in Washington, D.C
a. If the local government imposes a price ceiling of $1,500 per month, is there a shortage? If so, how much? If not, why not? b. If the local government imposes a price ceiling of $900 per month, is there a shortage? If so, how much? If not, why not?
A drop in output demand accompanied by a simultaneous drop in output supply will cause the output price to fall.
Answer the following statement true (T) or false (F)
An unexpected fall in GDP growth should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
According to Keynesian economics, if there are unutilized resources in the economy and aggregate demand decreases
A) real GDP will rise and price level will remain constant. B) real GDP will fall and price level will remain constant. C) real GDP will rise and price level will rise. D) real GDP will rise and price level will fall.