Substantial co-payments are typically not required as a part of the health care system in
A) the United States and Japan. B) Japan and Canada.
C) Canada and the United Kingdom. D) Japan and the United Kingdom.
C
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A good can serve as money only if
A) citizens accept the good as a means of payment for transactions and debts. B) government mandates that the good must be accepted in payment of debts. C) it is declared by authorities to be legal tender. D) it has intrinsic value or if it is backed by precious metals.
In a fixed exchange rate regime, an increase in the price level will cause which of the following?
A) a real appreciation and a leftward shift in the aggregate demand curve B) a real appreciation and no shift in the aggregate demand curve C) a real depreciation and a rightward shift in the aggregate demand curve D) a real depreciation and no shift in the aggregate demand curve E) no change in the real exchange rate, and no change in aggregate demand