Given the uncertainty about the effects of macro policy, economists generally propose that
A) macro policies should be more active, the lower the level of unemployment or inflation.
B) changes in money growth should only be used for fine tuning the economy, not for correcting large imbalances (such as high inflation).
C) money growth should be set at zero by constitutional amendment.
D) elected officials should have more input in the determination of monetary policy.
E) none of the above
E
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Government agencies to which the national health care program assigns the task of assisting individuals, families, and small businesses in identifying health insurance policies to purchase are known as
A) health care exchanges. B) markets for health care. C) health insurance regulations. D) health insurance mandates.
Refer to the information provided in Figure 12.4 below to answer the question(s) that follow.
Figure 12.4There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S0 and D0.Refer to Figure 12.4. Assume consumer preference changes toward X and away from Y. Ceteris paribus, a new general equilibrium will eventually be reached in sector Y with a price of ________ and a quantity of ________.
A. P1; Q0 B. P1; Q1 C. P0; Q0 D. P0; < Q1