Economists view shifts of supply and demand as
a. unusual events that call for government intervention
b. unusual events resulting from the failure of the price to fall
c. normal and frequent events
d. normal and frequents events that do not affect equilibrium prices
e. normal and frequent events that result from government intervention
C
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In the United States, the bulk of health care spending is paid by health insurance companies. Such a system is also called a ________ where consumers of health care pay a nominal fee and the rest is paid by the health insurance provider
A) socialized medicine system B) single-payer system C) universal health care system D) third-party payer system
The Fed can increase the money supply by conducting open market sales of U.S. Treasury Bonds, or by raising the required reserve ratio
Indicate whether the statement is true or false