In the graph for welfare effects of a deficiency payment plan, the output is ______.
a. lowered below the efficient level
b. raised above the efficient level
c. raised up to the efficient level
d. lowered down to the efficient level
b. raised above the efficient level
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The analysis of the three major macroeconomic markets shows:
a. That GDP is a constant figure which is not influenced by any movements in the three markets. b. That the three markets are uncorrelated and movements in one market are independent from movements in the other two markets. c. That movements in one market cause predictable changes in the other two markets. d. A) and B) are both correct.
The monopolistic competitor is ___________ efficient than the perfect competitor.
Fill in the blank(s) with the appropriate word(s).
One way the incentive problems inherent in comprehensive health insurance can be mitigated is through _____
a. deductibles b. premiums c. reimbursements d. screenings
When a $500 check is cleared from Bank A to Bank B, it does not change the money supply, because:
a. Actually, it reduces the money supply. b. Actually, it increases the money supply. c. Because one individual's checking deposit falls and another individual's rises. d. Because funds are transferred from one loan account to another. e. These funds are temporarily "out of circulation" until the ultimate owner of the funds deposits them.