During the 1965-2009 period, the price index of healthcare services
a. declined slightly relative to the overall consumer price index.
b. fell by approximately 50 percent compared to the overall consumer price index.
c. increased at twice the rate of the overall consumer price index.
d. rose during a brief period following the passage of Medicare and Medicaid but has been relatively stable since that time.
C
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Natural gas is a natural monopoly. The figure shows the market for natural gas in the city of Lucknow. When an average cost price rule regulation is imposed, the price per household per month is ________
A) $30 and 20,000 household are served B) $10 and 40,000 household are served C) $25 and 20,000 household are served D) $20 and 30,000 households are served
Which of the following statements concerning the supply of labor is true?
A. The wage rate has no effect on the quantity of labor supplied. B. The labor supply curve is downward sloping. C. The supply of labor is determined by the prevailing wage rate. D. The typical labor supply curve is upward sloping.
If your income and the price level both double, and you think you now have more real income, you are suffering from
A. injections. B. money illusion. C. diminishing marginal expectations. D. leakages.
Given a desired reserve ratio of 20 percent, a commercial bank that has received a new deposit of $100 can make additional loans of
A) $0. B) $20. C) $80. D) $120.