The costs associated with the overproduction of medical services as a result of comprehensive health insurance are passed on to everyone who has health insurance in the form of higher premiums

A general rise in prices is known as

a. fixed incomes b. inflation c. capitalism d. voluntary exchange

Consider an initial IS-LM equilibrium with normally-sloped curves. An increase in government spending shifts the ________ by a horizontal distance equal to the change in government spending ________

A) IS curve to the right, divided by the Chapter 3 multiplier B) IS curve to the right, times the Chapter 3 multiplier C) IS curve to the left, times the interest rate at the initial equilibrium D) LM curve to the right, divided by the Chapter 3 multiplier E) LM curve to the right, divided by the interest rate at the initial equilibrium