Over one time horizon or another, Fed policy decisions influence
a. inflation and employment.
b. inflation but not employment.
c. employment but not inflation.
d. neither inflation nor employment.
a
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Which of the following is not a rationale for government involvement in health care markets?
a. Government involvement is necessary to prevent the spread of contagious diseases, which are type of externality. b. Government involvement is necessary to provide individuals with information on the quality of health care by regulating drugs and physicians. c. Government involvement is necessary to ensure that physicians do not form illegal cartels to restrict entry into medicine in order to increase profits. d. Government involvement is necessary to ensure that everyone has health insurance and thus can gain access to health care.
What is another name for the natural unemployment rate?
a. Non-deteriorating low-inflationary unemployment (NDLIU) b. Natural rate of no-inflation unemployment (NRNIU) c. Non-accelerating-inflation rate of unemployment (NAIRU) d. Non-inflationary rate of low unemployment (NIRLU) e. Natural unaffected rate of inflationary unemployment (NURIU)