Medicaid covers
A. only procedures performed in doctors' offices.
B. only procedures performed in hospitals.
C. nearly all procedures except abortions, cosmetic surgeries, and weight-loss and hair growth drugs.
D. all procedures performed by doctors.
Answer: C
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On a given day the quantity of money is ________ and the supply of money curve is ________
A) fixed; horizontal B) fixed; vertical C) variable; horizontal D) variable; vertical
One of the long-run effects of higher government budget deficits is
A) a redistribution of real Gross Domestic Product (GDP) away from government-provided goods and toward more privately provided goods. B) an increase in the government's share of the nation's economic activity. C) growth in the economy's private sector at the same time the government sector shrinks. D) a fall in the equilibrium price level.