In the case of an increase in government spending where the price level varies while the money wage is fixed, output
a. rises and prices fall by more than if the price level was fixed.
b. falls and price rise by more than if the price level was fixed.
c. rises by more and the price level rises by less than if the price level was fixed.
d. and the price level are fixed.
e. rises and prices fall by more than if the price level was fixed.
E
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The figure above shows the market for milk in Cowland. If a subsidy paid to producers of $1 per gallon of milk is introduced, what is the price that consumers pay?
A) $3.00 a gallon B) between $3.00 and $4.00 per gallon C) $4.00 a gallon D) between $4.00 and $5.00 per gallon
The Patient Protection and Affordable Care Act (ACA) is scheduled ________, at which point more than 30 million additional individuals are expected to have health care coverage
A) to be completely in place in 2016 B) to be phased out by 2015 C) to be phased in over the next 20 years D) to be fully implemented by 2019