Refer to the figure above. What is the quantity effect of a price increase from $3 to $5?
A) $200
B) $600
C) $800
D) $1,000
B
Economics
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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
Economics
In the aggregate expenditures model, if an economy operates below equilibrium GDP, there will be:
a. unplanned inventory depletion. b. unplanned inventory accumulated. c. a decrease in GDP. d. a decrease in employment.
Economics