According to the textbook, Manning and his colleagues found that people with $1,000-deductible policies spent ­______ on health care relative to people with first-dollar coverage.

Suppose the CPI in 1983 is 100 and the CPI this year is 172. These values for the CPI mean that

A) inflation between the two years was 172 percent. B) typically, a good whose price was $100 in 1983 had a price of $172 this year. C) typically, a good whose price was $172 in 1983 had a price of $100 this year. D) typically, a good whose price was $100 in 1983 had a price of $139 this year. E) typically, a good whose price was $100 in 1983 had a price of $58 this year.

Raising taxes or increasing transfer payments would reduce total spending

a. True b. False Indicate whether the statement is true or false