A rightward shift of a market supply curve might be caused by:
a. the entry of new firms in the industry.
b. an increase in the wages of labor employed in the industry.
c. an increase in the price of the final product.
d. a decrease in the income of consumers.
e. an increase in the supply of a substitute good.
a
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With an increase in total factor productivity in the Solow growth model,
A) output decreases temporarily and returns to the previous steady state. B) output increases temporarily and returns to the previous steady state. C) the economy reaches a steady state with higher output. D) the economy reaches a steady state with lower output.
The Congressional Budget Office estimates that ________ account(s) for less than 1 percent of health care costs in the United States
A) the aging population B) uninsured patients receiving treatment in hospital emergency rooms that could have been provided less expensively at doctor's offices C) the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance D) advances in medical technology