Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.

Charging higher prices for one category of patients in order to provide free or subsidized care to another group is called

a. price discrimination. b. cost-shifting. c. categorical costing. d. reprehensible and unethical. e. creative accounting.

All of the following are arguments in support of protectionist legislation except:

A. increasing global trade. B. supporting infant industries. C. preserving domestic employment. D. promoting national security.