Pessimists among the classical economists were least able to foresee the continual advancement in

The different effects of fiscal and monetary policy in an open economy with mobile capital hinges on their different effect on

a. price levels. b. interest rates. c. the money supply. d. real GDP.

Which of the following grew rapidly during the years following the passage of the Medicare and Medicaid programs?

a. the share of healthcare expenditures financed by third parties b. the prices of healthcare relative to the prices of other goods and services c. expenditures on healthcare as a share of the economy d. all of the above